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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (13840)	11/9/1997 10:33:00 PM
From: Nancy	Read Replies (1) \| Respond to of 50167

Tom, <<and this combined with the overall complacency outside of SI causes me to believe that we don't have the kind of bottom that we saw in the summer of 1996 and April 1997. I could of course be wrong -- but that is how I am playing it for now.>> Wait till all longs turn into shorts and everyone thinks only money to be made is on the short side, that is when we see the bottom made in the summer of 1996. For now, when Ike still thinks shorts are bleeding, we haven't seen the bottom yet. <g>

To: Tom Trader who wrote (13840)	11/10/1997 1:42:00 AM
From: Michael Rich	Read Replies (3) \| Respond to of 50167

Hi Tom, >>this go around, there has been little sign of capitulation on the usually bullish threads<< Not sure who got sucked in near the top this time. A lot of yo-yo traders before I left ... so my sense is that people are not hurt too badly this time even though we got 1000+ point drop in DOW INDU. We had a incredible run from sub-6000 to 8000. People may have lost their real and paper profit but I still believe there is plenty of cash sitting around. One sign of bottoming is quality stocks got killed. >>I have stayed away from adding any new positions for a while--in fact, I have been hedging the long positions that I have<< Good move. Now in terms of sectors to keep eyes on, a lot of exciting development in the biomedical area. I like biotech companies doing biological drugs (as opposed to chemical drugs). For instance, we should see some fatal cancers become curable in the next 5-10 years. Oh, Tom, how did your system react to the 10/27 crash? Just curious to know how system traders fare in that situation. My regards.