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To: horsegirl48 who wrote (8028)7/1/2002 4:40:31 PM
From: im a survivor  Read Replies (2) | Respond to of 13815
 
<<Why would nybody in their right mind buy a stock?????? When a stock like petm can go up for over a year and than have all the money come out of it, who needs this sh---?????? Im no longer buying anymore of these pos and they r all pos"S
>>

As more and more folks get the above attitude and throw in the towel, a bottom will be near......heck a bottom has to be closer then the drop we've already seen....when naz was at 5300...a drop of 1400 points would have taken it to 3900....if we drop another 1400 points now....we are at zero.....if that happens, I assume it will mean the total collapse of our economy and all equity markets.......I mean, technology certainly isnt slowing down...only getting more advanced day by day.....are ALL tech stocks going to zero.......anyway, we overbought to the upside and will oversell to the downside....where the bottom is, I have no idea, but the more the market drops, the more comfortable I actually feel buying...certain...select stocks.....if Naz hits 1000, which many think it will, I will be buying my favorites...if it continues to go down, I will continue to buy...the lower she goes, the closer to a bottom she must be....I would only not be a buyer if I truly felt naz was going to zero....since I think bad times are still ahead, but that we wont go to zero and we will eventually recover, the lower it drops, the better I feel about buying....I dont think we will see a BOOM of a recovery.....we may not see 5000 on naz in my lifetime ( I am 38 ) for all I know, so when recovery happens, the ones that will make money will be the ones that bought low, stayed patient and stuck with their plan.....now if naz goes to zero, well, I am screwed...unless it comes back from zero <ggg>....I am not selling, and will buy as we drop.......



To: horsegirl48 who wrote (8028)7/1/2002 10:18:56 PM
From: Boplicity  Read Replies (8) | Respond to of 13815
 
there is good reason for the ones that have done good to fall over as the smart money gets ready to buy the ones that have been dropping. At least that's what I think. Of course, there is the devil on my shoulder telling me that they are selling anything they have gains on, wanting to get into cash fast.

b