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

To: Smart_Money who wrote (92941)	4/4/2000 6:26:00 PM
From: Smart_Money	Read Replies (1) \| Respond to of 108040

How can anyone have confidence in this market, you can't touch it, smell it, or see it. 2 hours and it loses billions. The market should be somewhat stable but its not.

To: Smart_Money who wrote (92941)	4/4/2000 6:31:00 PM
From: tennessee_ted	Respond to of 108040

Smart money- I agree. I think many people will look at today and thank god thay dodged the bullet. Then after their little prayer, they'll call their brokers and move their ira's, 401k's, etc. into money market funds asap. Hold onto your seats, I think the ride is about to get really rough.

To: Smart_Money who wrote (92941)	4/4/2000 10:03:00 PM
From: amadeus	Read Replies (1) \| Respond to of 108040

seems to me the whole market traded today like a single momentum stock that finally lost its support. So I just sat and watched and waited and waited and waited for a bottom, just like a bounce play on a stock that has been running too hard for too long. quote.yahoo.com^IXIC&d=5d Fortunately, I went 100% cash when we peaked over 5000, and have only been doing very short term trades since then. quote.yahoo.com^IXIC&d=3m Unfortunately, I didn't trust my intuition quite enough to short the high flyers. Maybe next time. But watching for bottoms, I did manage to catch RCOM in the 33s today, and ISLD near 31. Missed SVNX in the high 50s, and MAXY mid 30s. quote.yahoo.com But when they all bounce at once, its hard to catch very many of them. Add to that a few execution, confirmation woes, just like all the brokers seemed to have today, and it made it a pretty dramatic day. Looks like plenty of volatility ahead yet. Hope everyone trades very carefully right now.