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


To: Jim Spitz who wrote (33864)8/31/2001 12:21:29 PM
From: Softechie  Read Replies (1) | Respond to of 37746
 
I'm planning to send in additional cash next week as well. Looking for more cheap shares when market have another correction.



To: Jim Spitz who wrote (33864)8/31/2001 12:24:10 PM
From: American Spirit  Respond to of 37746
 
Holiday seasons in recent memory have been controlled by traders (and that means mainly shorts) but when the big boys come back to the office they usually reverse the traders momentum. I'm not expecting miracles but just a re-balancing of cautious longterm optimism versus extreme pessimism. I think what has just happened in recent months is the realization that we're still 2-4 quarters off from a real recovery in technology where last spring the notion was that the 4th quarter would be the time. But now I'd say another lousy quarter or two has been well priced in. Not for the faint of heart to be long here only for the patient. And keep some cash. But I wouldn't be short just to get that extra 100 down on the Naz. It may never happen.



To: Jim Spitz who wrote (33864)8/31/2001 12:28:43 PM
From: besttrader  Read Replies (1) | Respond to of 37746
 
I believe last year it was DOWN pretty big after labor
day, then down down down till APRIL. I expect the
same thing here.



To: Jim Spitz who wrote (33864)8/31/2001 12:39:01 PM
From: Mr. Aloha  Read Replies (2) | Respond to of 37746
 
FWIW, last year the Naz closed down over 91 the day after labor day, and then down another 130 the next day -- 231 points in two days, despite what the permabulls would have you believe. A similar move might finally bring a little fear into this market...