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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (30725)	9/22/2000 1:56:02 PM
From: adcpres	Read Replies (3) \| Respond to of 42787

Hi Jan, looks like you all had an interesting if not fun morning. Unfortunately, I slept through it since I didn't get to bed until very late -- I finished my book THE PELICAN BRIEF. Just couldn't put it down. Got up about an hour ago. It seemed there was no point in tempting myself to dump all my account since the AH quotes didn't look all that bad so I just set up sell orders last night at where I felt a reasonable level would be. I was surprised to see that the market took all 3K of my AMZN at 42. Great that you got out also at near that level. Almost lost my CIEN at 119 but guess the BID never got there even though the ASK did. Probably will lose it on Monday. Looks like there were good swings from the lows to highs so far. The play of the day looks to be CIEN which swung 11% followed by RFMD(7.9%), EMLX(7.2%), ITWO(6.5%), PMCS(6%) at least for the ones I follow. Looks like INTL is down over 12pts with over 99M shares traded!! WOW. Has anyone out there calculated how much of the NASDAQ loss this accounts for? If everything else was flat from yesterday, how much would the NASDAQ be down just on INTL?? Anyway, I sure hope no one paniced and dumped after hours or on the open. This is very similar to back in 1995 when the market reacted to an interest rate hike. It dove and recovered within a few hours much to the dismay of those that paniced and dumped. Human emotion remains the only constant in this business. Hope you were able the play the dip and make some money. This experience has made me rethink the NASDAQ and the fear I have had of the BEAR. I must say I am now swinging toward optimism with the BULLS -- I will post later why I feel that way and why I don't feel there will be a NASDAQ crash though there could be one on the NYSE. Things ARE fundamentally different today from the past(1929, 1985 etc). I am still formulating my reasoning and will post this weekend looking forward to your comments. Anyway don't worry. Be happy. The market handed you an opportunity today. When it knocked, did you answer? GH