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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: HandsOn who wrote (17103)10/12/2000 5:01:39 PM
From: Bald Man from Mars  Respond to of 24256
 
dude, this market will not reach the bottom until we have the reverse of days like today, open down big, but close higher, a few days like that, and you have a possibility of a bottom ...

they are just trying to suck those bargain hunters at the open, and trap them, before they move it lower to torture them ...

the saving grace this time as oppose to April is that I have kept catching the falling knives to the minimum, the only one I caught is INTC at 41-1/2, and even that one will come back sometime in my life time ...



To: HandsOn who wrote (17103)10/12/2000 5:10:04 PM
From: Smart_Money  Read Replies (1) | Respond to of 24256
 
I called Etrade because of a mixup on my balance. The broker said "Yep you got a margin call" I said " I don't think so". I was on hold for a few minutes and he get's back on phone saying he was sorry. The margin desk is swamped and he was mistaken. He also added the margin desk has 2 days of work ahead of them. My account was corrected. I guess the margin selling is not over by far.