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To: Voltaire who wrote (25772)7/18/2000 11:25:15 AM
From: Dealer  Respond to of 35685
 
Well! "Ya Never Know" ELON up 1 3/4 and the market down 100...go climb.....go figure.....Well I guess my IRA is doing ok today, it's in ELON.

love,
dealer



To: Voltaire who wrote (25772)7/18/2000 11:30:37 AM
From: robjohnson  Respond to of 35685
 
good call volt, time for golf now here. is the market time capsule for end of week run in the midst?



To: Voltaire who wrote (25772)7/18/2000 11:41:00 AM
From: Venkie  Respond to of 35685
 
A breather won't hurt us.....I took some money off the table and hv a nice chunk of buying power..I will reload on exds at a later time...May sell Bvsn for a nice profit and watch the house's bring it to me. I hate/don't buy at highs anymore if I can avoid it...Yawnnnnn...fantasize ...cool...peace..ATHM LOOKING BETTER....HMMMMMM



To: Voltaire who wrote (25772)7/18/2000 2:31:43 PM
From: Sully-  Respond to of 35685
 
Hi Voltaire,

Not only does the market climb a wall of worry, it reaches new highs with as few retail investors holding stocks as possible. That is until the houses want to distribute their inventory. Then they entice you to buy while they are locking in profits from their purchases at much lower prices (where they were prying those shares from you on the cheap with their wall of worry).

It's a vicious circle that the houses seem to improve on as time marches on.

BWDIK

Tim



To: Voltaire who wrote (25772)7/18/2000 8:13:40 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
high alpha/ low beta stocks dont enter the toll booths
they grow in backwaters
my little VOXX today got up, stretched legs, then sat down for some lemonade, no work done, but no kick in the nuts either, down 1/8

I subscribe to three newsletters
one is a statrat editor who espouses the alpha stock methods
he makes a new double every month out of his 15-18 stocks

the other two newsletters I get for their overall market view
they both say the same thing right now
Courtney Smith says the major indexes will rise from here to midSept
he thinks end of Fed tightening cycle is good for stocks
he acknowledges the effect of such tightening has tapped the brakes on earnings growth
but he concludes stock prices rise gradually, under control
the last several days have been slightly "out of control"
he has a great quote "never sell into a boring market, since they are usually bullish"
he thinks late June was boring & uneventful
so today is a reminder of that the unboring market needs to quiet down

the other guy Richard Schmidt eagerly awaits the end of the Fed tightening cycle, simple as that
he advised at turn of July to have cash ready to put to work
I like both these guys very much on market turns

they both think stocks (esp techs) rally into September
neither warns of any August annual decline
they both think we have one possible Fed hike left
regardless, they both think endSept/earlyOct will be dicey
if no Fed hike, then stocks might rally too fast & furious prior
if Fed hikes, then stocks will take a quick hit on slowdown fears
either way, Oct might have some airpockets

I head to Cuba to open a cigar boutique next weekend
my ugly brother is already down there, sampling the wares
hands in my pockets, feeling good
/ Jim Willie