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

To: Mr. Fortune who wrote (93063)	4/5/2000 12:07:00 AM
From: baddtiming	Read Replies (1) \| Respond to of 108040

Had a talk with my broker today and he thinks the selloff today had all the classic symptoms of a bottom. He has seen about 10 of them and thinks today was the panic sellers and tom. will be wolfs looking for deals... may or may not be right but he has a pretty good track record with me....and hey, I want to believe him!

To: Mr. Fortune who wrote (93063)	4/5/2000 1:11:00 AM
From: Paul A	Read Replies (2) \| Respond to of 108040

My only thoughts on tomorrows action is that if it gaps up? I go short.. because people will be looking to recapture even the slightest profits, shorts will re enter and set stops hoping for more selloff (after this week, losing a few bucks would be well worth the possible upside should it crash more)and I just don't see longs showing enough conviction to squeeze shorts out.. now if it gaps down, I would be playing the long side with stops in place.. I think a gap down would be very healthy.. Once again we came back too strongly today, and it just isnt frickn right.. I just hope today was the panic, and now we put in a bottom.. I think this point in the game everyone needs to really take a long hard look at wether they are a trader or a long term investor.. period.. because if we drop another 500-1000 points, a trader will have been in and out of that both long and short dozens of times.. but an investor would just buy more and think what the potential return in 1-5 years would be.. Alot of greed was built into this market over the last few months.. It just wouldnt quit.. Every day the nasdaq gapped, tried to pull back, and ended closing up such ridiculous amounts.. relentlessly.. so it was only a given that any major pullback would be measured in the same respect..