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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (48756)	3/10/2001 12:07:02 AM
From: Rande Is	Read Replies (4) \| Respond to of 57584

Interesting little update. I was comparing various characteristics of March 9th of 2000 when the Nasdaq had hit its all-time high of 5132. . . . and today, March 9th of 2001. . . .when the Nasdaq has put in a new low of 2041. The Nasdaq is now down 60% from the high of one year ago. So any tech holdings down less than that are technically outperforming the market. Interestingly, today's Nasdaq low of 2041 is the lowest the Nasdaq has been since December 17th of 1998!! And we are just 22 points off the high of July, 1998. . . .LONG before the start of the dotcom/tech bubble. . . which started October 8th of 1998, when the Nasdaq market "crashed" to 1357, with fear, panic and capitulation. . . ."the single best day to buy stocks in recent history". Just for fun I thought I'd look at the HOME thread on March 9th of 2000 to see if there was any significant difference to now. I thought for sure that there would be twice as many posts. . . thinking that we have lost some people along the way. Turned out there were actually less posts made on March 9th last year than today. Type in post# 22000 to start reading posts from back then to see how little has actually changed here. . . .except of course then some of us were wondering if we had sold out of our techs too soon. . . . . the same as now. . .only upside down? In fact, the past 12 months have had more posters to the HOME thread than in our first 17 months. . . through the dotcom and tech rallies. . . when we were regularly scoring doubles, triples, 5 times, 10 times single day gains on momos and rat dogs. I can also tell by how our mailing list has doubled again in recent months. I would say that our sustained growth here has much to do with our daily peeling away the many layers of onion that make up Wall Street. . . .so that investors may see the truth about what goes on. Speaking of landmarks for threads, take a moment to stop by Jenna's Market Gems board. . . and wish them a happy 4th anniversary! And speaking of truth, I have decided to devote a website to increasing investor awareness, regarding the seedy ways of the markets. We hope to attract some Washington D.C. heavyweights to help promote the interests of the Individual Investor. There you will find an extremely valuable "Assessment", which will help the newbie investor to determine the style of trading or investing which suits them best. . . based on an anonymous psychological profile, math quiz and financial profile. In my estimate, too many new investors have started off on the wrong foot and lost too much money "learning their lesson". It doesn't have to be that way. There are many people who dove into daytrading when they had no business going anywhere near it. This assessment will solve this problem in a new and fun way. There are a few discussion boards for new investors and for discussing the markets and increasing investor awareness. And the best part about this website is that it is totally free. It is called. . . OK, are you ready for this? . . . ."ProfitOften.com". . . and it should be live within a matter of about a week. . . just ahead of the opening of the Insighters.com investor community. So. . . as we wait and see what happens with these markets, perhaps a few of you will let me know of your interest in helping newbie investors to find their way. . . and avoid some of the pitfalls that have bruised many of our knees, shins and egos. Best wishes all. . . . Rande Is