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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: broken_cookie who wrote (30945)	12/11/1997 1:24:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Hi Richard -- thanks for your comments I don't have a recollection of anything of note relating to the 1985 market. I do know that the techs go thru this type of battering from time to time--sometimes it is worse than at other times. Invariably they recover and those who get in on the ground-floor, even if there is further downside come out of it well. From a trading stand-point when there is euphoria all around that is the time to exit and go into cash -- even if it means leaving some money on the table. This is true when it comes to most sectors and particularly the tech sector. I think that we are seeing some of the most negative sentiment in a while and it attracts me enough that I will start taking positions with appropriate protection--but these are investment positions.Absent a global depression--I am supremely confident that in a couple of years I will achieve a 100% return on my funds. The interesting thing is that I am getting the same reaction as I talk about taking long positions into this carnage that I did when I was talking about liquidating all of my longs into strength during the July/August period. I was a bit early selling and I'll probably be early buying. Regards