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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (90275)	3/29/2000 6:04:00 PM
From: If only I'd held	Read Replies (1) \| Respond to of 108040

No....true daytraders aren't the ones getting hammered here. Investors are the ones getting hammered. Daytraders are out by the end of the day. Investors take positions and then get punished for it. I am a firm beleiver now that if you have a 1/8th point profit...Take it. Just look at all the biotech stocks and what happened to those that invested in them in the beginning of March. Most have been cut by 75% in value. Sure, they were up pretty good, but they dropped like rocks. I'm closing flat from now on.

To: Jane4IceCream who wrote (90275)	3/29/2000 6:29:00 PM
From: gizmo&jack	Read Replies (2) \| Respond to of 108040

Feel bad for the gang here. Actually, I had a good day and did absolutely nothing. ASIA and SLAB up and WEBM down very mildly. And still have about 50% cash position to really load up now on some bargains. So as I've said before, be very selective everyone. Buy the superstar stocks after they get beaten down badly and are on the rebound. Do not try to guess the bottom. Give up a few points and buy when you are sure they are bouncing. Because the bounces will be big and the few points won't matter. The market is working like clockwork with the pre-earnings selloff. Just a little severe this time. The street and CNBC is jealous, but the internet revolution is real. And there will be some gross underestimations in earnings estimates like always and some easy 50% to 100% gains coming up. Do your dd. Know your companies. And success will follow. All the money lost can be made back very quickly. But wait for the the falling knives to stop falling. G&J

To: Jane4IceCream who wrote (90275)	3/29/2000 6:36:00 PM
From: Wilshire Steve	Respond to of 108040

You are amazing to pick the core.

To: Jane4IceCream who wrote (90275)	3/29/2000 11:15:00 PM
From: SouthFloridaGuy	Read Replies (3) \| Respond to of 108040

Actually, the licensed professional daytraders (like I used to be) are probably making a killing right now. It's hard to do this at home, especially on an E-Trade (I use CyberTrader, by the way). These guys are registered broker/dealers and are able to do some funky things like sell on downticks (bullets). Now there is something the SEC needs to regulate - the bullets available to licensed Nasdaq OTC traders which allow them to sellshort on downticks. My going back to Investment Banking (Sales/Trading) is more a personal decision than anything else. It's time I got back all the tools available to make me some money. Gee, I feel like such a sellout, just like...Puff Daddy the singer.