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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?


To: Montana Wildhack who wrote (6784)2/21/2001 9:31:41 PM
From: Joe Krupa  Read Replies (1) | Respond to of 14101
 
Sound advice, Wolf!

If the Nasdaq breaks down here, anything is possible.

That said, we closed on the lower bollinger band today. Last time we touched the lower band was the day the Provalis deal was announced -- we bounced off it the next day. Slow stochastic also in oversold condition.

For the most part though, all other indicators are not looking all that great.

Personally, I'm not worried about a further dip on the coat tails of overall negative market sentiment. There are too many good things happening and about to happen with this company. The stock can go bearish all it wants -- fact is though, the "company" itself is in a bull trend. The price in the long term will always catch up to the realities of the business.

joe



To: Montana Wildhack who wrote (6784)2/22/2001 12:24:31 AM
From: jef saunders  Read Replies (1) | Respond to of 14101
 
great advice at naz 5000, but not necessarily at naz 2300.
the time to sell is not 1 year into the bear market. where's the bottom? 2200? 1800? 1300? ride it out.
better yet, buy more dimethaid.



To: Montana Wildhack who wrote (6784)2/22/2001 6:28:28 PM
From: David Graham  Read Replies (1) | Respond to of 14101
 
Wolf, if you're bearish enough to write a post like yesterday's, we've got to be close to a low. Now I don't mean that you're the only contra-indicator, but the level of bearishnes on this thread and other places often accompanies buying opportunities. Not today necessarily, but in the next week or so if I see more 'the world is coming to end' stories in the papers.

I have a friend who is a retired broker and he tends to be all gloom and doom at market bottoms, boy was was grumpy today.

There's a saying that goes something like 'bull markets have to climb a wall of worry'. Well, that wall is starting to look pretty high.

It's not very scientific but there is a psychology to the market.

I'm with Jeff, there's no point in selling a year into a
bear market.