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To: Eagle who wrote (43537)12/15/2000 9:07:59 AM
From: Softechie  Read Replies (1) | Respond to of 57584
 
Many dotcoms will be trading in pennies. Just IMO.



To: Eagle who wrote (43537)12/15/2000 10:08:08 AM
From: rocklobster  Respond to of 57584
 
Everything that I want to buy just keeps getting cheaper...LOL... what a mess.. everytime I want to go long, I just change my charts to a longer timeframe,, and then I realize,...WE ARE IN A SERIOUS DOWNTREND all stocks, indexes, etc that I watch.. even the good ones are breaking down here..financials oil services biotechs.. I wouldnt be surprised to see naz 2000 before naz 3500. I am playing it close to the chest here.. out of all longs except IRA account.. and playing assorted daytrades long and short...

market is whipsaw city.. shorts and longs have been hard as hell to daytrade... haven't made any money at all in over a month...

I guess I should qualify that... I have made a lot of money, but lost a lot too.. am right back where I started about six weeks ago... should of just taken a vacation..LOL

rok



To: Eagle who wrote (43537)12/15/2000 1:59:11 PM
From: American Spirit  Respond to of 57584
 
Eagle, ESHR is up today. But down the last two in the general sell-off. Remember it's a tiny stock where single trades can whipsaw it back and forth. I did not anticipate this sell-off AFTER the election. But at 25 M market cap for a company generating 60-70 M a year and predicting to be profitable next year what else can you ask for? They even have 14 M cash in the bank. Look, this has been a disturbing last few days for techs in general. Even the best of them are being hit. If ESHR's bottom is 1 then even a small movement can mean 20-30-40-50% in one day. I bought it the other day for the longer term in order to triple my money not watch the little moves. Still I wish to hell this tech market would catch fire again. Once again we are testing bottoms and even making new and unexpected lows on gems like IBM and SUNW. Who would've thunk it? Is this the bottom? Probably but I only call these things when I feel fearless and today is scaring me. However I am going to hang in there until January at least. The Fed has GOT to do something serious now and Bush's #1 job will be to help the economy. Since we have such low inflation it's probably the FED's move. They would be justified now cutting rates substantially. Lewt's hope that gets the market going again to create an environment where the sold-off micro-caps can indeed start doubling. We were headed there a few days ago but then - this.