SI
SI
discoversearch

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 : Options -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (5795)3/30/2000 10:29:00 AM
From: Seldom_Blue  Read Replies (2) | Respond to of 8096
 
I don't know what tomorrow will bring. I just feel that there is not enough panic selling to signal a bottom yet. Everyone has been so trained to buy on the dip, so whenever that happens there are buyers. This yo-yo action will subside a bit when there is no buyer left, then I think you will see some panic selling.

One thing I looked for was during last Oct.-Nov. when the buying sort of dried up on some good tech stocks, when all the boards are bemoaning the unfairness of the price action. That to me was a signal the bottom was reached. I bought in big and did well. This quick snapback is not hurting anyone who holds through the day, so this is daytrader induced.

I am looking for a week-trader/month-trader induced selling. Then I will go back in big. Of course I still have quite a bit in the market just in case I am wrong. Some stocks one has to hold, like QCOM and JDSU.

Seldom Blue