Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (8663)	11/18/1997 6:56:00 PM
From: Rudy	Read Replies (1) \| Respond to of 13456

Nothing but cash is safe. Darn and I am 50% invested getting shafted here.

To: AlienTech who wrote (8663)	11/18/1997 7:29:00 PM
From: WTMHouston	Respond to of 13456

It's a sign of the times! No matter how bad you think it is, it can get worse! I bought CTAL (both here and for real) the day before they announced another new contract (just lucky timing) and after it had taken a beating for no good fundamental reason - it opens up with a small gap (1/2) and then drifts back down to the prior days close on 3x normal volume...(Unfotrunately, I could not get on-line this morning or I would have sold the gap). My T/A isn't strong, but that doesn't seem very bullish. Not much is really going up and even when it does it sure isn't staying up. (a more graphic analogy is tempting, but I won't go there). Was it VVUS or XONA that has that new miracle drug? My guess is that small trading range gains may be the name of the game for a while longer. Until the market evidences that it is ready, if at all, to continue the bull run, this is a quick, small profit kind of game. The normal "let your winners run" may be a recipe for giving up gains or incurring losses -- especially in some of the techs. The most important difference, in my view, between this market and the Spring correction is that no one was worried about fundamental earnings in the Spring and now earnings concerns are an everyday focus. (The Spring worry was interest rates, which aren't a serious concern right now) Until this subsides, I don't see the market even reaching old highs much less setting new ones. BTW, when was the last time we heard about all the new money coming into the market that was supposed to keep it moving up? Everyone is afraid of losing their profits, or worse. Until people start to be worried about losing out on gains, things won't turn around for good. Three groups in the market now: those cashing out, those hunkering down, and those making less or losing more on day trades. The first and third need to change. Just my thoughts.... Troy