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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: tradermike_1999 who wrote (9170)9/14/2001 2:24:19 PM
From: Bob Duncan  Read Replies (2) | Respond to of 74559
 
TraderMike,

"I am long stocks like ORCL, SUNW, and MSFT. I even have Marketwatch.com IPO shares right now that are almost worthless (perhaps deservingly, considering your "journalism" here). However, the world is NOT the same. We may be gearing up for war, 5,000 people Tuesday died, and bombs could go off anywhere at any time.

In response, you are telling people to buy shares at the open without considering fundamentals. Why not, instead, ask people to give to the read cross?? I am SELLING some stock at the open because I want my money to help people. I figure the small amount my Marketwatch.com shares are worth now should be of at least some help to people that are suffering. What a shame you can't encourage people to do the same.

What will you tell yourself by mid next week when the market corrects downward 10%, like all other major averages (see Europe today) and the "patriots" you are stirring up buy stocks at the open as the Money Managers and other professionals are selling to them at inflated prices? Will you say "thanks for being a patroit??"

Think about the Red Cross, not about price fixing."



To: tradermike_1999 who wrote (9170)9/14/2001 2:27:03 PM
From: FR1  Read Replies (2) | Respond to of 74559
 
It will be really interesting to see what happens on monday. There is a sort of grass roots thing going on with people like Kramer to get the public buying. You never know what it might lead to.

The ultimate bears are saying the public will lock themselves in the house and eat dog food rather than spend a dollar.

The ultimate bulls are saying unemployment is not that low (only a few years ago the popular economic theory was that 5% was full employment), and people will continue to spend out of patriotism if nothing else.

Retailers are saying they are preparing for a bad Christmas. I hope that doesn't mean they understock.



To: tradermike_1999 who wrote (9170)9/15/2001 7:17:58 AM
From: Monty Lenard  Respond to of 74559
 
You should also tell him that you might follow his advise if he can assure you that the "big" crooks won't hand you your hand afterwards.

Monty