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To: y2kate who wrote (41621)11/28/2000 7:56:47 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
How are you y2kate?

I do not follow TERN at all these days. I used to glance at it when it was in my list of mania-darling stocks.

You will excuse me if I do not bother pulling up the chart. This is no time to buy. What would you gain? Perhaps you would pick the exact bottom. Chances are you would not.

Stay in cash or mm. Let a bottom form, let us breakout, come back to test the breakout and then keep moving up. In other words, wait until the bottom in TERN (or whatever) is probably in well below your entry. Wait for a good risk/reward time to buy it. In other words, wait until you have a reasonable chance of biting the middle out of the next up move.

Yup -- you won't get in at the bottom, but you also won't get in at the 15th middle on the way down. Stash the dough. Do Christmas. This down shall pass eventually. Well, at least it will pass in the sense that we will get a good long rally.

I really do not want to sound preachy. WTHDIK. This is not the season for buying.