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.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: martin001 who wrote (9633)	8/9/2001 3:39:58 PM
From: AllansAlias	Respond to of 209892

Have not had a chance to look at the volume martin, but I'll take your word for it. I am just gad to see a day where, even though it's jello, at least we had a wide-enough range to make some money.

To: martin001 who wrote (9633)	8/9/2001 4:54:54 PM
From: UnBelievable	Respond to of 209892

I Would Think It Can Hold Until We Get volume At this point I would imagine that there is not very much, if any, individuals in the market who have not decided that we are at the bottom, at least with regard to their current holdings. They may not be ready to put new money in, but they are not going to sell unless there is a big drop. CSCO is a good example. Their results were a disaster - no profit, shrinking revenues, and no visibility (although I don't understand the visibility issue because they felt they had it when they made the original projections for this year <gg>) But anyone who owns it now either concluded that, having come down from $60 - $ 80, and bounced at $14 or so, how much lower can it go, or they bought it recently expecting to wait for it to get back "where it belongs". I believe that is why the market is so easily manipulated. Most of the money is being run by people who are paid on a percent of the assets basis, and they are not going to take money out because it reduces their money, or by major stock owners who do not really have a choice concerning getting out and do not want to rock the boat. The reason for the Jello and trendless trading is there really isn't any trading going on. And regardless of what happens during the day it is easily fixed with a futures ramp. I would speculate that the reason that yesterday's "panic" was not fixed for the close was to demonstrate that the lows of 7/11 and 7/24 form the basis for a sustainable bottom. From a trading perspective it makes it difficult. I know that there is no reason for the market to go down, and I know there really is no way for it to go up. Whenever I look at a chart for a year or two I also am amazed, given how poorly people have done, that they still think the market is a good place for investments.