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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (65224)	12/25/2000 5:40:31 PM
From: Stephen	Read Replies (2) \| Respond to of 99985

Mike M, one of the problems I have buying and holding any tech stock overnight is the chance that it may warn or some company in the sector may warn or perhaps a company that is a customer will warn .. etc etc ... With the new disclosure rules ... the grace period that existed whereby analysts would extract their big customers whilst their money managers would simultaneously support the stock price ... usually provided at least one opportunity for an exit. Now ... the news comes out and everyone's charging for the exit at the same time. Its never been a more dangerous time to hold tech stocks - especially with the economy, capex and consumer spending all slowing and the cahnces for warnings coming thick and fast. The first week of January could be a disaster waiting to happen imho ..... Regards Stephen

To: Mike M who wrote (65224)	12/25/2000 8:38:06 PM
From: Petrol	Respond to of 99985

Hey Mike, those sound like good choices. Going long on relatively proven companies like TXN, etc. may be the way to go. I tend to get a bit uncertain when it comes to buying unproven companies with "exceptional" growth rates in this economy. I'm sure bad economic times are around the corner but damned if i know which corner and some can run like hell (don't wanna get caught with my shorts down). I would suppose that would be where asset allocation comes in LOLOL (what??? you mean I have to learn that, too??) Of course, going long now takes some cajones and I wish you well. Stickupman

To: Mike M who wrote (65224)	12/25/2000 9:21:58 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 99985

Mike, I would let all those stocks definitively change the downtrend before looking at them as anything more than a very short term trade with tight stops. If the market is truly bottomed then there is plenty of time to make money long, there's no rush to jump in. I see a bounce but I dont see a bottom yet. In spite of Friday's action many of these stocks are still on the wire and could go either way. I think the chances of them getting away from you on the upside are less than the chances of a sudden reversal down. People have called the bottom on the Nazdaq now about 50 times as it makes each new low and then bounces. Its still too early to call anything a bottom here by my book. good luck M.