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To: AllansAlias who wrote (42317)	11/30/2000 9:30:46 AM
From: IceShark	Read Replies (2) \| Respond to of 436258

Oh man, gtw is down 10 bucks! There are going to be some hurtin bulls on that one.

To: AllansAlias who wrote (42317)	11/30/2000 11:07:32 AM
From: UnBelievable	Read Replies (2) \| Respond to of 436258

An Important Point As usual, your chart and commentary are excellent. I'm inclined to agree with your observations. I think that it would be helpful if you clarify what you mean when you say "buy the bounce". My understanding of your investment style is that you are much more of a trader than an investor. I don't know what your average length for holding a stock is but I would imagine that buy and hold for you means you hold it overnight. <gg> It is very true that nothing moves in a straight line. In that context there may be short term trading opportunities on either side of the trade in any market. ( In fact these days with stocks like JNPR, BRCD, BRCM, and those which are similar, two traders could make money on the same day trading the same stock from opposite sides <gg>). It is one thing to buy a stock when what you do all day is trade. It is very different to buy a stock if most of your time is spent in other ways, and you may only be able to check the market a few times a day. My own opinion is that this is a very dangerous market in which to invest. The realistic rate of share price growth over the next few years does not come close to compensating you for the extreme volatility which remains in this market. While many have speculated on when a bounce will occur, and one will occur, the more important issue is how long will it last and what may happens when it runs out of steam. At this time I see no rational economic reason to buy stocks. For that reason any bounce is going to be a trading bounce and not a change in the mid-term trend (months to years) from bearish to bullish. These bounces are very much an artifact of the market and those who are in the business of extracting money from it. As such, all bounces will end in a way which ensures that as many "investors" as possible get hurt. Based on our discussions and your posts I'm know that you are aware of these points and think you would more or less agree with them. But overtime, I have come to recognize that among the people who follow the market and may read these message boards there exist a significant variety of objectives and perspectives on trading and investment. I guess this is a long winded caution to the many folks who participate in this board and from whose knowledge and perspective I have learned and appreciate. This is a treacherous market. Be very careful. There is no problem engaging in higher risk investments and trades as long as such trades are recognized for what they are and one does not have an unrealistic expectation of the result. Every time I enter a trade I try to remember that I have never entered a trade expecting to loose money, but I entered into a number of trades which in fact did loose money, and some where I lost even more than I thought possible. <gg>