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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (30902)	7/12/2001 8:35:00 PM
From: besttrader	Read Replies (2) \| Respond to of 37746

Sorry, but I am afraid you are giving bad advice this time. Do you really think many people could have made money buying the techs after a 70 point gap up? Do you know the risk reward level for such a move? Do you know that would be foolhardy, and is even MORE so now the Nasdaq is up triple digits? The trend here was obviously up, but there was/is no way to make money on the trend/long side here, unless you were already in before thursday's close. Buying at these levels is suicide, so don't make people lose money with your advice.