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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (26124)4/4/2000 3:58:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 63513
 
bp,
It is exactly because of my beliefs that earnings are going to be strong in the techs AND that everyone is afraid that I I am bullish. The more fear the better. The first phase of the recovery will be the institutions and the pros, then as they pave the way, the retail investors will bring the momo back. It would be great if the fear level remained for a year or two.

I love how quickly things happen in the age of the internet. Get it all over with at once rather than the slow grind down in a true bear market. Take our medicine and get it done with.

Buy when your fear level is highest and sell when you are most complacent.

Of course, if the market continues downward, JXN got ahold of the keyboard when I wasn't looking and typed this out.
JXM



To: MulhollandDrive who wrote (26124)4/4/2000 4:00:00 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 63513
 
I think you assume that when I say we should start moving up fairly soon that I mean by 100 points a day. That is not what I am saying at all. I see us bouncing around between the low set today and current levels and then a move towards higher levels. Clearly we were high on the Naz and I think now it's clear that things are a touch overdone. Maybe I'm wrong....just my opinion. I know one thing for sure, Money Managers are not out looking for shares in GM, they are looking for GROWTH. What we have just been witness to is a theft by margin call on many very good growth stocks. As the time goes on and this event becomes a more distant memory we will look back and see that institutions consumed these great growth stories like JDSU at bargain prices while we puked them up for a fraction of what they were worth. Looks like fall of 98 IMHO.