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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Srexley who wrote (42139)4/14/2000 8:13:00 PM
From: Captain Jack  Respond to of 74651
 
Srexley --<<" Actually in a pretty good position IF this carnage ends soon.">> It will end soon. I had hopes the support at 3500 would have held,, nice but it did not even slow going through it,, Possibly that at 3200 will hold.. as to the NAS I see no great support level. It will end and soon but with 400 - 600 point loss days it will not take too many more to cause really serious damage,,



To: Srexley who wrote (42139)4/14/2000 10:38:00 PM
From: werefrog  Respond to of 74651
 
"but heavily invested in stocks"

This is buying time, not selling time. If you're holding, don't get shook out, because when you decide to sell, the market would make a u-turn and head up. I know it's hard to pull the buy trigger when the market is in turmoil, but that is the best time to buy. Look for a improvement in market conditions next week as earnings will be coming out in force. I've been doing this for decades and the market has always rebounded. For safety's sake, don't bet more than you can afford to lose. JH