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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: upanddown who wrote (1508)3/13/2001 3:52:38 PM
From: ItsAllCyclical  Respond to of 23153
 
Cramer is right about the SELL, SELL, SELL imho. Most investors are not astute enough to day-trade or ST trade. The ultimate lows are much lower imho. Most would be better off to get out of the way. In addition far too many investors let tech make up their entire portfolio vs a growth fund might be 20-30% pure tech.

This very well may be a tradable bottom. We broke 2000 so analysts can point and say "Gee, that MUST signal capitulation". Plus Greenspan will give us 50-75 basis pt cut soon. But not the ultimate bottom...

I may just have to hold half my holdings tonight. Seems like a early morning follow up rally might be in order (baring news of course).



To: upanddown who wrote (1508)3/13/2001 6:05:15 PM
From: kodiak_bull  Read Replies (5) | Respond to of 23153
 
John T:

Re: Cramer

"Would put more credence in the guy if he had been as loud and insistent at 5000 or 4000 or 3000 rather than when the the NAZ enters its biggest bear ever."

Exactly. Whatever you can say about Naz 1923 (yesterday) and Naz 2014 (today), it's a lot better buying level than we've seen for 2+ years. As per my percentage list I posted a while ago, I stick with it. Short term (4-5 weeks) we have a 10 percent chance of seeing 1500, 20 percent chance of seeing 1800 (whew that was close yesterday!), a 25% chance that we'll stay at 2200 and south, a 35% chance we'll retrace to 2500, only a 10% chance we'll see 3000 this go-round, and a zero chance of visiting 3500.

The question every wise investor has to ask himself is, why is it so hard to buy ORCL in the 15's when it was so easy to buy it in the 30's?

This is not a rhetorical question, but rather a Zen koan. Why is it so appealing to listen to Prudentbears, etc. when the Naz is at 1923 than it was when the Naz was at 3278?

Kb