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.

Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (17401)	3/13/2001 7:25:59 AM
From: ChrisJP	Respond to of 19297

Hi Jeff, In the scheme of things, I've been on the side lines since last April. I didn't get out at the top -- got out on the 1st "buy on the dip" rally. Switched in and out 3 times -- with mixed results, but net positive. I posted on Wayne's thread that I've done the most I possibly can to make this the market bottom -- yesterday I transfered the last $15K in my 401K from big cap fund to money market fund. Sort of a symbolic capitulation, lol. You are right, we are entering no-man's land. Just like on the way up, valuations, prices, and index levels only provide a partial guide. Volume was an important part of the equation, cuz it also is a key indication of investor psychology. Low volume = investing public sick of the stock market = market bottom. Of course that's some ways off and there will be some nice rebounds/bear market rallies on the way. Here's another fun fact for you -- I estimate the total amount of money currently changing hands on the OTCBB is a mere $20M/day. That is an incredibly low number -- easily 1/10 - 1/20th of what it was a year ago. It's basically as dead as can be. I'm gonna guess that the NASDAQ is gonna experience a similar phenomenon before its all over. Chris