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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (533)3/21/2000 9:44:00 PM
From: robert b furman  Read Replies (2) | Respond to of 33421
 
Well I got mt britches put on me today.I tried selling all morning and it was like pushing a string! No Buyers in the tech world (semi equip anyhow). Finally got frustrated you know that sick feeling - the more you adjust to the bid the more it drops. Finally you get to that disgusting feeling where you bow up and say "Hey I really don't have to do this - tommorrow's a better day. Besides I bot on the dip I'm scalping 8 points in a week - so pass- forget it. I went to work to see if maybe I could sell somebody a car (darn sure more fun than gettin slapped by MM's who don't want to provide liquidity ( sort of like my used car manager hehehe).

Lo and behold Greenspam speaks and I guess we got us a bull market. Well I left 4 points on the table and finally sell out(at higher prices) of what I couldn't give away ( in the morning) in the last 1/2 hour of the day.

One thing for sure - this is whipsaw baby.You must have blind faith that this market will never go down or you must be numb.(maybe dumb is better).

For those of you out there hooking up with this Casino just know that it is fickle, not stable,and I fear a change in outlook from hope to dispair will be unescapable.My gut feel is be nimble, be cash, and keep one foot in the door way.

I've never been so glad to sell stock and at the same time be glad to still hold some stock.It's just plain toppy and unpredictable.

Bob

Feel like I just ran a marathon into a headwind all the way.

Looks like it was a cakewalk all day doesn't it - It certainly wasn't ollie.(damn it looks strong )

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