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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: gem-x who wrote (1027)	8/29/2001 12:01:15 AM
From: bobby beara	Read Replies (1) \| Respond to of 2290

I totally agree with that mishedlo, the NASDAQ could make a blind run to 3700-3800, and\ crash hard to 2500. dude, your dreaming, get real, wat are you some 20 something semiconductor wrencher -lol- tha naz will be lucky to get back to 2500 in the next several years, let alone 3700. your elliot waves have not included the implications of the bubble and it's aftermath, the rally into april/may was huge, that may provide resistance for years as tech companies re-trench for years on irrational expectations built in during the bubble. the buying in 99-00, was irrational, the selling now is not irrational, as a businessman would you buy amazon or yahoo or cisco at it's current stock valuation, with the high expectation of getting a return on your investment. in most bear markets you can buy companies below book value, at the march 00 bottom you could buy berkshire hathaway at below book value, one of the smartest people in the market at below book value, just think if you could by microsoft below book value, it may eventually happen, gates may crash, just like buffet.

To: gem-x who wrote (1027)	8/29/2001 12:35:05 AM
From: Timetobuy	Respond to of 2290

ROFLMAO! Dream on! The BEST we can do is trading ranges as this excess is worked off. There is going to be a whole generation of 50 somethings wishing they had sold NT when they had the chance. They'll cling to msft as surely as they clung to NT and then cry they have nothing but welfare to hold them up. Where is Mr. Lockbox when these poor old people need him? LOL! Trade the ranges or get in cash. There are very few stocks at decent valuations. Those that are, won't be able to hold up the market. Msft is too big of a weight for naz and it's at best fully valued here and at worst a blimpy overstuffed software stock with declining growth.