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Non-Tech : Moguls Mantra to the Markets -- Ignore unavailable to you. Want to Upgrade?


To: $Mogul who wrote (29)12/5/2000 8:39:43 PM
From: noneed  Read Replies (1) | Respond to of 220
 
cautious optimism is probably wise here. i plan to pick my spots carefully, not overcommit, and to relentlessly take any profits that i may be fortunate to receive.



To: $Mogul who wrote (29)12/6/2000 8:06:34 PM
From: $Mogul  Respond to of 220
 
Nas going down...could not even hold psychologicall 2800 level. Looking out short term, I don't see a catalyst to drive it the nas back up. Only way in my opinion is if unless the Greenspan and the FOMC cut Int.rates on Dec 19th which i weigh as 85% that they will NOT.

I think the coming and constant wave of profit warnings, will hit hard in the days and weeks to come..... Tax loss selling anyone.

Nas will Re-test 2500, most likly fail and head even lower to 2200-1800, although 2220 is my target as of today.