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 : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (29538)	3/1/2001 10:55:11 PM
From: Paul Moerman	Read Replies (1) \| Respond to of 53068

Larry, it's sure been frustrating to hold companies like ORCL that have been trading down with the market for macro reasons, and then when the individual company admits to experiencing the economy's slowdown, to have its share price whacked another 25-50%. After a while, some of us plain run out of buying power to take advantage of all the buying opportunities! Still, if ORCL trades down tomorrow to the 16-17 area, I'm going to find some way to average down. (Altho I don't like the CEO's personality/lifestyle/choice of friends, I'm confident of his job competence and believe the company's products to be the undisputed market leader)

To: Larry S. who wrote (29538)	3/2/2001 7:34:38 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

>>>Was it an after hours over-reaction, or was today's late afternoon tech burst just an exhaustion run in the midst of the continued destruction Larry, it is simply the volitility of the market for a number of years the media flooded us with stories about "day traders" those little people that sat in front of a computer and hit the buy/sell buttons 500 times a day well in reality the day traders are the mutual funds, the institutions us little folks do not trade $5-10 billion a day of QQQ a rumor of a rate cut and the market moves 200 points a warning by xyz company and it falls 200 a 5% intraday move now is the norm there were times past when that was a month, or a year now it can be in 10 minutes for those like Nemer who are young and fast fingered and have a light speed net connection and can do a trade faster than an osprey can dive for a fish this swing action can be fantastic but to try to find a real basis for any of these swings is an exercise in futility it still pays to keep an eye on a 2 year chart using various T/A metrics to maintain an overall perception on the "real" trend