Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (5112)	12/21/2000 1:40:26 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 8925

Hello Haim.. how the heck are you??? i hope doing well... i've been contempating making a partial investment right here..and then completing it after the FOMC... we have to be well ahead of the wall street pundits...i've never seen so much piling on of downgrades ever...<G>..makes me feel extra bullish... this is what i said on my morning e-mail to room subscribers and free trialers, and friends... who know's Haim...we may be oversold ???? hehehehehehee..maybe one more selloff into next week...remember end of quarter window dressing should be strong on the long side... best to you...OJ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Morning Everyone... nice VIX spike yesterday, we have maybe 1-2-3 more days of this relentless selling...we are going to wash out here very soon, just before the end of the year..tax loss sales, people dumping dogs with fleas etc.... this to me signals a time when you should begin to put together a list of stocks to BUY AND HOLD...yeah thats right..BUY AND HOLD.... while there's blood in the streets everywhere...mine included<g>...WE CANNOT SIT BACK AND WAIT FOR THE NEXT BEST MOVE UP!!!!!!!!!!!.. in the blink of an eye, this market will begin to heal itself, well before the masses even get a whiff of the stealth move...the street has gigantic amounts of cash on the sidelines..stocks are very cheap right here...yes they may move a bit lower, but can you pick the bottom and when???? i can't....so if your ready for Freddy....get a list of those stocks you wish to "Invest" in, and begin the process of buying them for a 1 year hold....1 year...no less than that.. why???..it will take 1-2 quarters of FED rate cuts, and sentiment change for the market to begin to repair itself nicely....world markets will recover as well...if AG cuts, then all the other world countries will cut too...they all raised at the same time...when he intiated the 6 straight hikes.. the street is forward looking by 6-12 months..we are too...sell your dogs that will never recover..and take that invested cash, and begin the process now...next week, late, 27th 28th 29th, start to buy these stocks..say 1/3 or 1/2 your total long term cash reserves..do not wait... i am going to add to my positions now..and early in the year Jan/Feb time frame...we already concede that this quarter and next will be awful...but the street has lowered the numbers substantially already..there could be some upside surprises as we move forward into earnings season...in fact..the wall street pundits are so scared, they continue to downgrade everything enmass, over and over again and again...the bandwagon is full to the hilt with pile on pundits<g>... The Fed will cut rates probably 3 times consecutively....Jan-Feb-Mar..it will be way too late to buy in Mar folks..way too late...1 year from this date...you will look back and say.."what the hell was i thinking" why did i NOT buy then????..S**********T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! you'll kick yourself in the butt for not looking on down the road...i lived thru the 87 market crash..and then thru the worst protracted recession/depression for 4-5 years in business history for me...interest rates were over 22%, Banks shut off credit, people went out of biz so fast it was disgusting...we are not even close to that same senario...rates are so low here it's astonishing..and they will be a lot lower 6 months from now....a big big bonus for us and the markets Worldwide....i predict 6% mortages...simple interest money, the cheapest on the street..i can't wait... anyway thats what i think...if you ever want to talk about long term stocks, what to sell and what to buy just e-mail me..remember i am no guru, i am not licensed, i am not an advisor..just a fellow trader investor...so do not come back to me and say hey???...you were wrong and i lost all my money...thats the risk we all take....ALL.... we have a gigantic amount of charts that are so oversold it's unreal..todays stocks have plunged so far so fast, that dead cat bounces are in order..and could be nice...remember this..if your long here, use trailing stops..the selling is so fierce, so fast, and so relentless you'll get trapped...so be cool and be wise...we must protect our tradable capital at all costs...cut your losses fast, over and over again...and take 1-2-3 points and be happy... TODAYS TRADERS LIST... 1...HGSI---RIGHT AT THE BSL LINE...AT 64..68 IS THE TRIGGER LONG, TARGET 74/75..SELL SHORT AT 62... 2...CIEN--THIS STOCK HAS FALLEN ALMOST 40 POINTS...66 IS THE REVERSAL UP, SHORT IF IT BREAKS 62... 3...AGIL---SAME SENARIO, DEAD CAT IS DUE..40 1/2 TRIGGER, SELL SHORT AT 39... 4...BEAS---WAIT FOR 60 TO GO LONG, SELL SHORT ON A BREAK OF 57..THE BSL LINE IS AT 54..SUPPORT.. 5...JDSU---WAIT FOR 48 A REVERSAL UP HERE 1ST TARGET MARKET WILLING 64/65 SELL SHORT ON ANY BREAK OF 45... 6...NEWP---SAME BIG OVERSOLD CONDITION..70 IS THE 3 BOX REVERSAL UP TRIGGER..IF IT BREAKS 67 3/4 SELL IT SHORT.. 7...PDLI--HELD THE BSL SUPPORT, TRIGGER IS 83 1/2 --84, TARGET 91/92, SELL SHORT ON ANY BREAK BELOW 77ISH... 8...RBAK..VERY OVERSOLD...49 IS THE TRIGGER LONG, 42 IS THE SHORT SALE... 9...QLGC---69 IS THE TRIGGER LONG, TARGET 80-81 SELL SHORT AT A BREAK OF 65.. 10...EMLX--NEAR SUPPORT AT 56/57 THE BSL LINE, 63 IS THE TRIGGER LONG..61 IS THE SHORT SALE, THEN IF IT BREAKS 56 SEE U LATER... TRAIL ALL STOPS IN EITHER DIRECTION THRU TODAY AND THE END OF THE MONTH..BE ULTRA CAUTIOUS IN YOUR DAY TRADES....WE ARE NOT OUT OF THE WOODS YET ON THE DOWNSIDE...THERE WILL BE SELLING TODAY AND THRU MID WEEK NEXT WEEK, THE LAST FEW DAYS TO DUMP THE JUNK.... MY TOTAL MIND SET IS NOT FOR ONE DAY...I AM TRYING TO THINK AHEAD...BEST OF LUCK JERRY