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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: John F. Dowd who wrote (2471)1/28/2000 3:05:00 PM
From: marginmike  Read Replies (1) | Respond to of 19219
 
I wont argue about semantics. Why did AOL crash last year, or Yahoo? Or why did Qcom trade at 50 a share for three years. Markets are imperfect, and steam comes of the top in a volitile manor. I think the bad companies will not regain their losses. The QCOM's, JDSU's, EXDS of the worls will be back. I am no perma bear Ive owned QCOM, UNPH(before it was JDSU), EXDS, CNXT and rode them all up to nearly the top. I have made multi Millions this year. i am just being a realist. RCA was a great growth company that continued growing after the crash of 29. Yet its stock never recovered. WHY would now be any different.



To: John F. Dowd who wrote (2471)1/28/2000 3:50:00 PM
From: J.T.  Respond to of 19219
 
John, no matter how you slice it - the market is always right. Stock prices are only worth as much as people are willing to pay for them on any given day.

The fact that this is the second day that the SPX will close below SPX 1,400 underscores the breakdown of the broad market averages.

Best Regards, J.T.