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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Street Hawk who wrote (3389)	11/17/2000 3:53:15 PM
From: Tom Hua	Read Replies (2) \| Respond to of 19633

SH, the run is over for MPPP. Trend reversal is underway. It's all downhill next week. Regards, Tom

To: Street Hawk who wrote (3389)	11/17/2000 8:45:06 PM
From: Paul A	Respond to of 19633

Street Hawk- I wont deny this is rough, and murder on the stomach these last few months.. but I gotta admitt- I actually like this market better than I did the last two years.. What happened over the last year or two was abnormal, and more or less a free ride for people.. Stop loss? what the hell is that? If it went down, just hold and it will surely come back..and almost alawys did.. Garbage was floating all over the place- higher and higher.. and nothing made much sense.. I think we are paying the price for that exubberance now.. Allocation is seriously the key.. Always has been, but even more so now than the last few years.. I think when the dust settles, the people who stick with fundamentals, look for catalysts to push stocks higher or lower, and calculate rather than gamble will be rewarded.. and the people who had a free ride over the last 2 years will be long gone.. There are also some incredible opportunities out there as well.. but I think IMO that its going to take alot more time and effort to grab those 50% gainers which might turn alot of people off.. but lets be realistic.. :) No sooner did I short SCMR this morning- that big pop immediately stopped me out.. I was filled $3.00 higher than my stop lose which really peeved me, but I guess NITE and the gang are probably racking up some serious loses in this volatility that they are making it back at the expense of the penny-anti players like me.. It was pure gambling for me to take a trade in this insanity and I paid the price.. All in all a fantastic week for me, so im counting my blessings.. Still watching/waiting for CATS.. also SSTI.. looks like they might punish these more.. either that or its just a retest of resistance- also I like XPDR but I doubt I can find anyone to agree with me on that one.. I also wish I didnt sell my SCMR this morning- I think its going to hold up.. im 100% all cash.. didnt want to hold into this weekend- and will gladly miss the big explosion in return for sleeping well at night.. Im actually hoping we drop some more next week so I can start taking positions again.. I just havnt a clue in the world what this market wants to do.. Frickn crap crystal ball..