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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: Mike Sawyer who wrote (16228)4/24/2000 8:33:00 AM
From: stock talk  Read Replies (1) | Respond to of 59879
 
Just got going today (I'm late). NASDAQ futures down 110, looks like its time for me to dust off my notes on short selling. A sure sign is when the last long time bull throws in the towel the market must be near a bottom. All kidding aside I have a list of stocks(higher priced than I usually buy, $30-80) that I have been waiting a few years for a chance to buy on the cheap. I may get a chance in the next week or so.



To: Mike Sawyer who wrote (16228)4/24/2000 10:21:00 PM
From: JACK R. SMITH JR.  Respond to of 59879
 
Mike,

On a longer term perspective, I like to trade in the direction of the trend. I will buy the breaks and sell the rallies.

Who can tell me the direction of the market here?

I have no Idea.

People much smarter than I have no idea.

Clearly, there is a very big Gorilla shaking the "Tech Tree" here, and I would be interested to see if he can shake us all out of the tree on a nonger term basis.

I am not yet willing to say to buy back into the Techmania, but I am not willing to give up the concept yet, so I am just cowering in my cave for the present.

All in cash, save one small position!

Preserving cash, and waiting for a better market and better times.

Cannot resist the occasional short or long on the S$P 500, but generally playing small and biding time!!

Let this shake out then trade the trend!

No need to trade every day.

Jack!!