To: Frank Pembleton who wrote (27925 ) 2/10/2003 10:18:04 PM From: Bert Respond to Frank, Understand your concerns..and rightly so...but the "general market" is a vast place..and big caps with huge overhead supply are out..but yet, the average investor considers them "the" market..I don't...not everything goes down with the overinflated Dow..or the toasted QQQ, or..the long awaited spike to the downside is good if your positioning to buy a constantly in distribution big cap or has been, but for select issues, timing is very different...IMTV, INSG busted a move today, HSKA..many more lying in the weeds...My eye is always on gold as an element of the total equation..I look at this recent gold rally as a source of liquidity for the miners, allowing them to do a multitude of stock offerings, etc. during the injection of volume...getting some money in the bank and a source for expansion...you can't do that sort of stuff on 3000 shares a day volume...and of course I'm watching MNG @ 1.07 for a bounce...and others...the SA golds look sick IT...money fleeing...why? The present day Naz environment is not a place for ignorant bravado, but then again, it's not dead either...just watching Goldman, Schwab and the rest of the major MMs gathering shares/covering...while the ECN fools do their shorting thing...again..we shall see, but in my eyes, the Dow/NDX can do what they do...it doesn't seem to matter with certain issues...it's going to be a stockpickers market all the way around for a while methinks...a REAL test for a trader to be successful..not the " to the moon" mentality..or the ridiculous buy and hold...it's all speculation...long term "investing"/trading or short trading, but the key, as in business, is to have an exit plan when you enter...Again, I'm watching the BKX for a test of it's higher low...what's it take to manipulate a sector with a market cap the size of an overinflated big cap tech stock? This is going to get very interesting...what a game..
