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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2662)	3/29/2001 1:32:41 PM
From: freeus	Read Replies (2) \| Respond to of 74559

Thank you 500 tons. I will take to heart what you wrote. I have to stay out of the market right now because being in was literally beginning to kill me: stomach aches, heart beating too fast, the works. I won't get in unless I can get leaders at very low prices (a la buffet?) Book value: Can I trust the Yahoo site: it gives book value...or is there another place to find this information? Freeus

To: TobagoJack who wrote (2662)	3/29/2001 1:53:14 PM
From: Stock Farmer	Respond to of 74559

Congratulations on today's Cool Post Jay. EOM.

To: TobagoJack who wrote (2662)	3/29/2001 6:45:48 PM
From: Jerome	Respond to of 74559

Congratulations... on the cool post presentation... I am saying we have to continuously evaluate what is happening in the market place and reassess our beliefs. We have to change our dance steps with the tunes. That is one of the more difficult things to do.The current market does not allow for much of a comfort zone in anything. Being a month to month options trader, I like the process of constant re-evaluation of my picks and pans. Just as soon as I learn one dance the music changes to another style. Regards, Jerome

To: TobagoJack who wrote (2662)	3/29/2001 7:02:09 PM
From: JMD	Read Replies (1) \| Respond to of 74559

Jay, that was a chilling description of an imploding market and of the emotions that accompany a look into the abyss. I got tagged trading soybeans as a young hell raiser, and in retrospect it may well have been a superb lesson. When you're losing your (highly leveraged) butt, and can't unwind your positions fast enough cause the pros have you in a short squeeze AND KNOW THEY DO--wow, the phrase 'adrenaline rush' doesn't even come close. In absolute terms, I didn't have a helluva lot of money, but on the other hand it was all I had, so screw absolute. And that's something that makes the current state of the equity markets look even spookier to me. I don't think the kids running mutual funds have the first clue about bear markets. How could they? 10 years of straight up and no redemptions is not exactly what I'd call primo preparation for the spiritually cleansing experience known as having your financial clock cleaned. I'm out of the market these days, having proven to a fare-the-well that my skills as a short seller are negligible. Folks will be 'dancing slow to Rave music' when the 33 year old at Fidelity Technology Fund tosses the last of his CSCO and JDSU overboard. Only then will it be safe to get back in the pool. regards, mike doyle