To: If only I'd held who wrote (90927 ) 3/31/2000 12:40:00 AM From: KevinMark Read Replies (3) | Respond to of 108040
Greg, just got back from a late dinner. Reading through all the post now. Nicely done. We have a fantastic group here and what intrigues me is this...the comradery exuded on "the" thread tonight after a horrifying week for many. I haven't heard the thread this active since last November and December while we averaged 500 post per day. I'm holding my own, only because I'm 80% cash right now. Anyway...next week will a blockbuster week IMHO. We will remain in a trading range for the next 6-7 months and people need to understand this. For everyone out there who hasn't pulled a 2-3 year chart on the COMPX, you owe it to yourself(and wallet) to do so. It's amazing how similar the trading patterns from one year to the next are. Just like I indicated yesterday, we are back in the days of 3 down and 1 up. This will continue throughout until next fall. The key here is to have a game plan and some general feeling on what you think the market will do on a daily to weekly basis. I must admit, the selling was a little premature from what I expected. However, when every analyst came out this week and unleashed the negative tone, that spelled disaster, including CNBC pumping the negative vive all across the world. Next week will be all positive (including CNBC) for most of the week, then we will definitely be in a trading range(2 days down, 1 day up, ect.) It's times like these where we all have to stick together and our best foot forward. I would encourage everyone here to jot down your 10 favorite stocks and look for entry either tomorrow or no later than Monday. Next will be a banner week for the bulls but don't expect a continued rise after next week, because it will not happen. But we must take advantage of the opportunity that is presented here. Let the big boys ride for the majority of next week and then trade on dips, selling into the rise, for the next 6 months or so. I think it would be wise for everyone to post there favorite 5 picks going into next week. This way, everyone will have some sort of road map on what to buy and what to ride next week, because if everyone is on the same 5-10 issues, we will all ride the train together. A concentrated effort. I should probably re-post this tomorrow am, and probably will do so. I'm still researching my top 10 for the best return relative to the market as we speak. Probably will go with 5 only and load the boat. Ride it for 3 days. Again, great post and see you a little later today. KM