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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (46500)	4/15/2000 2:21:00 PM
From: RocketMan	Respond to of 99985

Well, you know the old adages, never throw good money after bad, and never meet a margin call.

To: Jill who wrote (46500)	4/15/2000 3:16:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Jill: over on Voltaire's Porch I just took a look at some of the postings on that thread... Unfortunately, relying on angels or bogus self-proclaimed TA gurus that miss more than hit, is no way to invest or trade. The problem with manias is that some folks get lucky and mount a manic stock near the beginning of its lift off. Soon they and their fellow "lucky" investors begin to believe they are much more astute in investing and trading than they actually are! The "really" lucky ones, made a decision (for what ever reason) to exit QCOM near the top in spite of the fact the angels and bogus gurus chanted for folks to hold. After the first major decline, these same gurus often postulated about rapid recoveries... In an effort to help folks avoid what I have just read on the "porch" is why I created this thread. I wish you and your fellow porch sitters the best... Regards, LG

To: Jill who wrote (46500)	4/15/2000 7:44:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 99985

Media spin has already turned positive. Starting with Clinton and Gore's statements "nothing to worry about, low inflation and continued steady growth" as I predicted. Expect a lot more positive news plus lots and lots of earnings reports this week, many of them reassuring. As for dot-coms which may not show profits, many of them are down as much as 90% from highs so where do they have left to go? Many will be taken over. A few may disappear. Just evolution. I don't expect ETYS or CDNW to go out of business. They will be there again next Christmas. In fact buying those on Monday (if you want to really be contrarian) might get you 400% or so by November. But the quality big-name stocks will certainly recover first. The rest of the margin calls are of concern but very temporary. Two days and it's all over but the moaning and groaning. Unless you HAVE to cash out holding now makes a lot of sense. In fact buying heavily on any downdraft makes even more sense now. Mini rallies may fail at first but more major corrective rallies will certainly be generated by mid week or so. Everyone fears Monday and maybe for good reasons but in my experience this type of fear signals a bottom and the opposite can happen, we could go up. We'll soon see. Huge amount of earnings reports Tues-Thurs so keep that in mind.