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To: Ron McKinnon who wrote (29542)3/2/2001 8:18:42 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
there will be no confidence in owning tech stocks until these negative surprised and 30% hits stop. without tech rally, any market rally will be soso at best. when sh*t like this happens, no one is willing to hold, so we enhance the flippa mentality, which is the only logical one in this market i guess. i wanted to flip sebl yest for +4, but decided to ride it because thought momo would continue into today. i have core position in sebl that is ltbh and yest's position was a trade. Bush, or O'neil or someone from the administration needs to jawbone the market, make comments of support and positivism, instead of spouting tax cuts, elimination abortions, and bombing iraq. soon there wouldn't be anyone working to benefit from tax cuts. there is an increasing danger that the real Y2K concern will be manifested in the depression of 2001. larry



To: Ron McKinnon who wrote (29542)3/2/2001 8:25:11 AM
From: Paul Moerman  Respond to of 53068
 
Ron, I'm going to take your advice on ORCL to the extent of taking it slow. <g>

I'm not looking to add names to the 19 stocks I currently have modest positions in, and there's only a couple that I don't already have "full" (for me) positions - TFS and HGSI. The reason averaging down some more in ORCL looks attractive to me is that when the market eventually turns, the big name stocks that have been beaten down the most may have higher probability of the best percentage gains off the bottom.

Are my hands cut and bloodied from catching all the falling knives? you betcha! <g>