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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (36826)1/6/2000 9:55:00 AM
From: Cynic 2005  Read Replies (1) | Respond to of 99985
 
<<The only fact that matters is profits. The rest is noise.>>

If that is where you are coming from, it is OK. I personally play the bubble on the long side. My approach to it is simple, "it is a bubble and I will try to play along with it. With extreme caution." That extreme caution resulted in leaving a lot of money on the table with several stocks I bought and sold in the last 2 months. I don't feel good about it but it is ok.

What I don't do is resort to self delusion that the rising stock prices will continue for ever. BTW, today the feds drained reserves for the first time in a long time. If they don't the bond market will tank further. Watch how the stock market reacts. It should be interesting.



To: dennis michael patterson who wrote (36826)1/6/2000 10:03:00 AM
From: Les H  Respond to of 99985
 
Interesting this month, Potomac is coming out with an Internet Short Fund and an Internet Plus Fund (125% of internet price change).

The Batman is a salesman. Nothing more. In that he can convince other people, specifically customers of Gruntal and people who watch CNBC, to buy stocks regardless of reason, he can make you money. Nothing more than that.



To: dennis michael patterson who wrote (36826)1/6/2000 11:39:00 AM
From: Mike M2  Respond to of 99985
 
Dennis, your point about Tice is well taken. He does excellent analysis of fundamentals but it does not matter in a mania. We have only seen the upside of the mania cycle when we see the inevitable downside of this unprecedented mania valuations will matter. Mike