Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James Strauss who wrote (46660)	4/16/2000 2:17:00 PM
From: Oak Tree	Read Replies (2) \| Respond to of 99985

I think you are right, CSCO and others will recover over the next year or so. But I think they have not yet hit bottom. I'm not ready to average into them yet. Since I don't day trade, I won't be buying them tomorrow.

To: James Strauss who wrote (46660)	4/16/2000 2:49:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 99985

Hi Jimmy.. i saw your post to me on that other thread...but i only hang around #1's on SI now...<G>...i did move yesterday to Thread Morons, because they overtook this one...now the MDD is back to #1... as for the markets..when i come here, it';s usually at tops and bottoms...inbetween i make money.... with all the usual doom and gloom here, and it's been here before, and will be again..we are nearing a short term bottom... and since i'm 58, and lived thru everything from 87 to the present i can say with certainty, that the mania for stocks and wealth will NOT go away..ever... now that the investing/trading public has seen the wealth builder effect actually perform...they will stick and stay...where else can you make this kind of money in such a short period of time..the baby boomers do not need these funds for 7-10 more years...so no big deal here..we can wait... most of the masses have sold nothing...i mean ZERO..not the fundies??? they puke these shares out because their bottom line agenda is to show how they can beat the S&P's each and every year..can't do that getting killed...and they can't beat the index funds either... so even tho peoples 401K's and IRA's have been battered, they'll stay the course, because it will all come back again and again...it has before..over and over ...they know it, because they have now lived it these past 4-5 years... this isn't the doomsday machine here...someone posted to me CPQ is going out of biz...ok..sure..i guess...maybe..well...right... anyway...i am a realist..NOW is NOT the time for bravery...aggressiveness...now is the time to begin to prepare a serious shopping list of high quality stocks, and start to leg into positions as we continue to selloff... buy 1/3 next week, then another 1/3 when we come back down to test what ever the lows will be..and then, wait for the true reversal to happen, and it will happen, and then finish that last 1/3...and let it ride... the world economies are very strong right now, and so is America...ok so we'll slow a bit..guess what, if we slow too much, the Mr Greenspan, will have to act swiftly, by cutting rates again... no way he lets this economy of ours go in the tank..it ain't gonna hapen... the cycle never ends..ever...it's just like a revolving door, we go up, and we go down..business as usual...happens almost methodically ever year??? amazing... so in 87 we went into the tank, then a recession, then BOOM up we went...probably happen all over again... altho..there are a lot of underlying new age happenings to help keep any downturn short lived...imo anyway... Jim, we'll all live to fight another day...even the bears and shorts get to play once in a great while<g>... i got ants in my pants...waiting for MON...i guess world markets will selloff large, and at some point in the next day or two..lo and behold buyers will appear, with ballistic amounts of cash, and i'll be in that frey... course i'll be a bit poorer<VBG>...but..hey i'll trade em' like i see em' ..... regards and good luck to all... OJ