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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (6574)	11/6/1997 11:39:00 PM
From: Craig Gordon	Respond to of 9285

Roger this may sound crazy but if IRAQ acts up it could tank the market quickly. I remember watching the market tank back in 90, I think in February.

To: Roger A. Babb who wrote (6574)	11/7/1997 12:08:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 9285

LOL! I understand the NASDAQ 100 is lock-limit down right now. Oddly, earlier, at work, I predicted that the market would "crash again tomorrow". The INTC divergence thing. INTC was really weak today. Tomorrow should be "interesting", anyway. ;) I inadvertently may find myself going into the second mini-crash of 1997 with all cash, as I did the first. I was holding TER and CSCO in my "normal" account, and sold them this morning when they were not acting "right" and INTC continued to fade. I was holding CREAF, QNTM, SUNW, JTAX, GI, and GW in my Jerk White IRA account. I sold JTAX in the morning, as it hit my price target (up 10 points from 45 to 55 in less than a week) and my short-term indicator crossed-over as well. Later, I tried to sell QNTM when the indicator crossed-over, but Jerk White's PAWWS was even slower than usual and just wasn't working at all at that point. I called them on the phone, and they were really obstinate about not giving me the online rate, as they insisted that it was working just fine. What really fryed me was that they put me on hold to check on the online system before they would take my trade - went away for 5 minutes! And then they wanted to argue about the commission. In frustration, I told them to sell everything at market, and that I was closing my account. (Am sending a transfer form to Datek as soon as I am done here... Already have an IRA account set-up and waiting at Datek.) I have a feeling that I won't mind sitting out the 3-4 weeks it will take to transfer the account. (I prefer to just go to cash, as I don't want to play "where are the shares today" if I decide to sell something during the transition!) Still have a 401K that is fully-invested in mutual funds, but that only puts me 50% invested in my retirement accounts.