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To: Larry S. who wrote (21978)1/25/2000 7:15:00 AM
From: Ron McKinnon  Respond to of 53068
 
actually the tube is calling for the opposite
an up open then a selloff
also saying that finally people are not buying the dips with quite the same confidence as in the past

who the heck knows

I'm just doing the same thing I have done for a long time now
being very selective
no margin
tons of cash/buying power

I'd love to start to leg in to some of the "great" nets
but I want them MUCH lower then these prices
down 30-40% from the top ain't low enough for me
I may never get any of them

my gut is telling me that the banks/financials may be close to a bottom
there may well be one last panic selloff spike down
if so, the truck gets backed up big time

airlines; one of these days but not yet

like you said
>>>>"Stick to what works. You hear that Larry, stick to what works"

my mantra for years continues to be:
conserve capital
be willing to give up potential gains to protect from losses
swing trade/scalp 75+%; position trade/invest 25-%