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To: SecularBull who wrote (7083)	11/29/2000 11:50:08 PM
From: Boplicity	Read Replies (2) \| Respond to of 13572

It will end when it will end I believe we are all grasping for answers to the big question, Why are stocks dropping? Humans want to be able to compartmentalize and attribute actions to a complicated reasons, but that's the crux of it all. The reason is very simple at this juncture in the market drop. Because it is! The market is selling down because they are selling it down. The selling is feeding on itself now. That's why we saw the widespread reaction to the what should of been not much of a surprise which was GLW earnings and forward statement. So, to pick a bottom is almost foolish at this point since the possible supports caused by past holders, who have not been locked in a box all this time without knowledge of what has been happening, isn't going to be there. So it will end when it will end. Zero

To: SecularBull who wrote (7083)	11/29/2000 11:58:43 PM
From: Rhino Ray	Respond to of 13572

I posted this on Voltaire's thread and thought that I should post it here also. HOW TO DETERMINE A TOP OR BOTTOM ---To stay focused I read some of the things that I copied from SI over the past year or 2 weekly and some even daily. And then I compiled my own rules. I have a few favorites which I hope those who originally posted them won't mind me posting them now. The one I will post now is by Greg Mullineaux involving determining a top or bottom. I believe after reading it you will agree we are much closer to a bottom. INVESTING - finding the top & the bottom Signs or an overbought or topping market or stock. Also, signs of a bottoming market or stock Overbought/Topping 1. Excessive speculation, and greater use or margin. 2. Many companies splitting their stock 3. Investor slapping each other on the back thinking they can do no wrong. 4. Invention of a new method of evaluation to qualify the increase in market caps beyond the norm. 5. A de-coupling from the bond market. 6. Non-professional giving out investing advice. 7. Non-professional or less then seasoned investor increasing use of options. 8. Increasing numbers of people quitting their day jobs to invest/trade for a living. 9. Investors buying logo apparel from their favorite company who's stock they own. Wanting to be identified with said company as if they work for the company. 10. Planing get together of other stock holders. Planning vacations around share holder meetings. 11. Threads becoming less and less related to the company specifics more related to the stock action. 12. The showing up greater number of investors on threads that are just starting investing or are new to the company. 13. Increasing number of brokerage houses covering a stock, coming out with higher 12 month price targets. 14. CEO seen on increasing number of TV shows or written up national magazines. Signs or a bottom. 1. Panic selling. 2. Overseas market falling apart 3. More and more bears coming out of the wood work posting on threads. 4. More fights on threads. 5. Nightly news devoting greater time to the falling market. 6. Recent new investors throwing in the towel. 7. Abby coming to the defense of the market. 8. Professional bears getting greater air time and more articles written by them or about them. 9. Increase use of buying of puts and selling of calls by less then season investors. 10. Increase of reallocation of funds to defensive stocks, consumer non-durable, and Utility stocks. 11. Bond yields dropping from bond buying. 12. Greg posting this list before he normally gets out of bed without his pants on. <g> Sell when the story has changed, never let profits turn into losses, keep loses at 8 to 10%, sell when you have a better place to invest, and try not let taxes come into the picture. You can be mechanical about it and sell after a stock has had a 10 to 15% correction and doesn't recover within 2 to 3 months. You can also sell after a stock as stock tops and fails at new 52 weeks highs, look for repeated tries to move higher only to have the stock fall back down. Sell after stock has ran far in short period of time, and gives back most if not all of the gain with in days. Look for people slapping each other on the back feeling they can do no wrong. by Greg Mulineaux