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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?


To: Duane L. Olson who wrote (1108)4/19/2000 11:18:00 PM
From: country boy  Read Replies (3) | Respond to of 4564
 
Hey Duane:

<<<investing supposed to be this hard>>>. Most definately.
I got an uneasy feeling today and went 80% cash. Took all profits in ISSI and IDTI. Sold 1/2 CY yesterday and don't like it's post good earnings action at all.

Still holding ATML and XLNX. ATML came out with what I think are good numbers but will watch what the street thinks tomorrow.

Did buy some LSI today at 55 and now almost regret it. Bought CMGI at 61 and feel the same. I think we'll have a chance to buy all these much cheaper real soon.

Saw the tail end of clip on CNBC: guy claimed to have called the NAZ drop well and called a low of 3175---actual was what? 3220? Anywhay, he said it's strictly a traders market now with resistance at 3880 and 4000 and that he'd get out for sure at 4000 and start taking some off the table now.

Hey, E: Do you agree with this?

I guess I'm going to play my feelings and grab what I can here and there, keep at least 50% cash for now. IBD editors say doesn't look like we've seen the bottom yet based on contrary indicators and leading stocks still in left side of base building.

For your SIN list, does CMGI or NSOL fit?

best,
cb



To: Duane L. Olson who wrote (1108)4/20/2000 2:42:00 AM
From: Alan C. Zezula  Read Replies (1) | Respond to of 4564
 
TSO/dlo, as I said you'll never go broke with cash.

Glad you took advantage of the bounce you must admit it was a dandy and I did tell you on FRI. that I jumped into the market with both feet, just hope I don't end up in "quick sand".

Should be able to pick up bargains today.

Don't keep all your cash under your mattress :-).

Al "the dead cat bounce"