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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (7612)	9/10/2001 9:15:21 AM
From: MetalTrader	Respond to of 23153

After last week there are signs of short term capitulation. Technical indicators are not oversold to the level they were in the spring, but they are getting there. There will surely be opportunities to make very nice gains buying sometime in the next month or two. Expect posters to be excitedly noting their brilliant buys without mention of the less prescient buys. Longer term fundamentals are not particularly positive, so I would not expect anyone is going to miss the boat (at least not the big one) by being cautious. Exchange members have dramatically slowed shorting, leaving it to the retail world. Usually a good sign of a bottom. Overhead supply of stock is still heavy. Insiders still net sellers. Companies are not voting with their cash that shares are undervalued. Irrational fear set in last week but with mutual fund redemptions still flowing through, I'd be careful about leaping in. In other words, mixed messages. Caveat Emptor. mt