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

To: E. Graphs who wrote (1367)	5/12/2000 7:06:00 AM
From: country boy	Read Replies (3) \| Respond to of 4564

Hey E: The volatility still amazes me; the Naz can't move less than 100 points a day---either way. It seems to me to want to test that 2900 given the current course of one step foreward and two steps back. There is tremendous support there, everyone knows it, and I suspect a lot of cash is idle, waiting for that point to jump in. Will that be self fulfilling? Days like yesterday tend to give a false sense of security, but the only idea I'm holding on to is that there is no security---the market moves way down, only to bounce and come back---but the trend is clearly down. I'm still trying to navigate the rapids, as you say, but I keep hitting rocks. Bought YHOO at 113 1/2 and sold at 124. Bought IDTI at 37 (now 43) and still holding. Bought CY at 48 and 50 and holding. Bought XLNX at 56 and holding. Still loosing badly on ATML and LSI. Stopped out of everything else. I'm still looking for an entry into your oils, and want FLC at 22. I feel like the moment I get back in that sector, OPEC will open the gates and oil will drop to $20---I just know it :) Do you see any drillers/service at a good entry point now? cb