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

To: KeepItSimple who wrote (39351)	2/7/2000 10:35:00 PM
From: Dwight E. Karlsen	Respond to of 99985

Would you play russian roulette if each time you didn't blow your brains out you won 100 billion dollars? But I wasn't playing for 100 billion. One call option, which costed ~$678, and it was good until March expiry. As for all those overvalued Yahoos, I agree. The option I bought (and sold) was in Intuit, which happens to be the market-share leader for the small business accounting software market. Did you realize that ~85% of businesses in the USA have something like fewer than 15 employees? It's been awhile since I saw the stats, but it's something close to that. Also, Intuit happens to have a very cutting-edge product for professional tax preparers, called ProSeries, which was a good Windows product 5-6 years ago, and Intuit continues to find ways to make it better each year. I've used Intuit products since 1992. (ProSeries since 1993, QuickBooks since 1995). As for the gross speculation that goes on in the Nasdaq on a daily basis, I fully agree with your sentiments. Did you see PAGE today? 76.6 million shares traded hands today, on no news that I could find. As for MCLL (Metrocall), it's simply a paging company. The company I work for uses Metrocall pagers. Is a pager suddenly a hot-growth item, after all these years? I haven't noticed a sudden surge of popularity in pagers anymore than is normal. Suffice to say, the two stocks with the most volume activity for today were simply day-traders jumping onto a trend. That's gross speculation, and a good percentage of those traders should expect to get burnt.