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To: RetiredNow who wrote (36696)5/28/2000 8:39:00 PM
From: Eski  Read Replies (2) | Respond to of 77400
 
I can't resist and comment on such an stupid post as this.
I'm even going to save it to remind you in July how wrong you'll be. The Nasdaq will in no way shape or form see the Old Highs again for a few years. Higher Interest rates will have an negative effect on Tech earnings in due time PERIOD. The Nasdaq will see sub 3000 in just a matter of weeks then I believe MAYBE a true bottom will be in place.

As far as daytraders is concern your comment shows your level of stupidity of your knowledge of Daytrading. Most daytraders even the one interviewed on CNBC loved this downturn. We/They shorted the HELL out of this market. They come down faster then they go up. True daytraders don't hold positions over night. It was the average Joe invester buying on the dip mentality which doesn't work any longer, like the one's on the Porch on SI Thread, that got killed being heavy margin out. Just go over there and read some of the horror stories. My freind you should thank Daytraders for they add alot of liquidity to the market and were a major part of the ramp in the Nasdaq whether you want to beleive that or not.

Go ahead and buy this week, it may go up but these bounces are met with waves of selling in the following days. I believe you'll be the one who will learn a lesson here soon. You'll see, Good Luck to you.



To: RetiredNow who wrote (36696)5/29/2000 7:14:00 PM
From: bambs  Read Replies (2) | Respond to of 77400
 
Mr. Mindmeld...I have to agree with Eski. You are seeing things through some strange colored glasses!

The "buy the dip" crowd was taught a lesson over the last couple of months and school ain't out yet. I see the NASDAQ having real trouble with 3600. I doubt that we will see much above that before we break 3000 and go down to test 2500.

Bambs



To: RetiredNow who wrote (36696)6/2/2000 10:22:00 AM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
Message 13791304

Hi all, I want to take a moment to examine our short friends. On May 28th, when I predicted that the selloff was over and we'd see new highs by July, Bambs and a few others decided I was a raging idiot and that this was another indicator to justify their shorts on the way to NASDAQ 3000.
Still others said that predicting is silly and for fools. Well, I agree it's silly and good for fun and games, but it has been so easy in the last 5 years to predict the timing of the selloffs and and rallies. It's like clockwork: down in April-May, up through July-August, down through October-November, and strong rally through January-Feb. It happens almost every year!

Now being a long term guy, I just buy the dips consistently from the money I save from working hard at my job (what a concept). And you know what? I have a shitload of Cisco and Nortel now and no major tax burden! I guarantee you that even though it appears I know the timing of the market fairly well, I am making more money going long in little chunks. That is a concept our short friends and our daytrader friends will never understand - unfortunately to their detriment.

OK. I've had my rant, now I'm ready to be flamed. Bring it on shorts and daytraders! :)



To: RetiredNow who wrote (36696)7/27/2000 5:24:32 PM
From: Eski  Read Replies (2) | Respond to of 77400
 
Care to make another prediction?. Looks like you were way off here.

::Hi all,

I thought I'd spread some good cheer. I am declaring the selloff over. I predict that by mid to late July we'll be back to the highs of March. So I'm getting out my wad of cash and going on a buying spree. Top on my list: Tibco, Nortel, & you guessed it - Cisco.

I think the daytraders just got there first big lesson in the last couple of months. Many were wiped out completely. You never really learn the lesson until you lose a shitload of money. So consider your lesson learned and start going long, my friends. Good luck everyone!""