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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: longdong_63 who wrote (1618)8/25/2000 9:24:32 AM
From: pooh101  Read Replies (1) | Respond to of 100058
 
LD....i do....here's a funny post from the RB qqq board.

"Mr. C, huh oh, it's that time of year again. My Dad and his "condo crowd" have decided it's time to put their money to work. Led once again by their "condo gru" who has determined that JDSU,AMCC, and the usual flyers are their safest way to "making a lot of money". (remember that the "kid" in this group is about 70)

If you recall immediately after they bought we rallied for a week or so only to have the market reverse a week later.

Last year if you remember my Dad replaced JNJ with Lexmark. After buying at about about 103 it ran another 10-20% before reversing down to about 40 (50s now)to become his biggest loser.

With that in mind I'd guess we are close to the highs...

No joke folks........ "

i know you post there and have read some of these peoples posts. what a hoot. but so true.

pooh



To: longdong_63 who wrote (1618)8/25/2000 9:27:56 AM
From: ronz28  Read Replies (1) | Respond to of 100058
 
Clearing out stops
I think yesterdays trading a little above the top line of the wedge before the apex often occurs to take out the stops of the shorts just before they slam us down. They run the long stops the same near the apex of a declining wedge just before the breakout to an uptrend. No guarantees express or implied (LOL).