Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (20556)	2/15/2000 9:55:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 57584

RANDE IS -if I am tracking with you are your last several posts, you seem to be saying that you do not in the near term want to swing trade much with tech stocks. Correct me if I am wrong on this. I pretty much agree with you on that. Today, my trading port. took a hit of 2 percent. My long port. was down 1/3 of one percent today i.e. 1,600 bucks. Yesterday, without Softbank, I was up 1,500 bucks. With Softbank, I was up another 25 k on top of the 1,500. On last Friday, I was basically unchanged. I am currently at a almost new high of over 875k in retirement accounts. This morning's market action was enough to age a person going long. But the recovery late day on the NAZ was pretty impressive all things considered. I sound like Public Radio. What I am seeing and reading is a lot talk that the NAZ cannot,will not, and should not from a T/A standpoint go any higher. This may be true, but I like to think that when the majority opinion in the market is so strong in that direction, then the market will do its best to suprise people and prove them wrong (the market will confound bears as much as bulls). The bears seem too sure of themselves as if they have surrounded the NAZ and are ready to move in for the kill. I do not feel any fear or greed one way or the another right now as to the market in general. My own gut says that it will be a wild rest of the week, but that the NAZ in the near term will reach more new highs by this Friday. If so, the tech stocks I own should do well. I may sell some partial positions into strength. Best regards, Bob