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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Wayne Rumball who wrote (8517)10/11/2000 7:51:52 AM
From: Wayne Rumball  Respond to of 11130
 
LU - Downgrades coming out already and I'm not even finished my first cup of coffee. Gonna be ugly



To: Wayne Rumball who wrote (8517)10/11/2000 8:37:00 AM
From: ChrisJP  Read Replies (1) | Respond to of 11130
 
Do you mean by "ULTRA high risk money", money that you know could be lost completely (like put/call options) ?

I think everyone is gonna play chicken this morning to see who is first to scoop up some bargains. They will be waiting to see if anyone is willing to step up when the NASDAQ approaches 3050. Anyone who still has any tech stocks better hope someone starts buying by then.

Anyway, that's what I'm waiting for. And it would strictly be short term.

Otherwise ... it could be a looooooooong way down. Stair-step fashion to 2600. I kinda think that won't happen .... this time around.

Chris