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

To: bobby beara who wrote (48275)	4/26/2000 9:29:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

bobby - I know what it is. When the author wrote the article he measured the average stock being down 1% from the time he put pen to paper that morning. That most of the internet B2B, B2C, infrastructure, Biotech, and and other heavily "clicked" stocks were mere shells of themselves (and mostly still over priced) was of no consequence. LOL. I'm enjoying this funny new economy math...

To: bobby beara who wrote (48275)	4/26/2000 10:11:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

Ok, now you guys keep mentioning how far below their highs some of these companies are trading at. Perhaps you should also look at how high off of their previous "serious" base. I realize there were obviously people who had to buy at those high levels, and indeed they are bag holders. But, the vast majority are buy and hold fund types who do dollar cost average. Ok, so they don't make the big returns you guys can get but, they're not exactly losing sleep either. All of the funds in our 401K program are still in positive territory year to date. Some are up over 30% YTD still. I couldn't believe it, when I logged on to look at their performance. So, really I don't see any reason why people are even close to breaking a sweat, no less panic selling. The market would have to really tank for these people to be break even on the year. Me, I'm just looking for some base building. I'm just not good enough with the volatility. Give me some bases to work with.

To: bobby beara who wrote (48275)	4/27/2000 12:28:00 AM
From: jbe	Respond to of 99985

Well, I don't mean to be unfeeling, but anyone who would invest a dime in no-earnings, cash-burning companies like the ones you mention, however promising, was taking a big risk, and must have known what a risk it was. As they say, if you are looking for obscene profits, be prepared for catastrophic losses. And in all fairness to the author, it should be noted that he was not talking about the stocks he personally happens to own. He was talking about ALL stocks traded on the exchanges, and was attempting to calculate how much the average stock in this entire universe rose or fell during the period from March 10 to April 14. NEON is no more "average" than the Centex Cement Company, after all. jbe