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

To: Judy who wrote (15561)	12/12/1997 9:34:00 PM
From: Snowshoe	Respond to of 50167

>>there is potential for the market to really crack<< Judy, the market acted like it was on Prozac the way it rebounded from the October mini-crash. Now it looks like the medication is wearing off. After seeing the wreckage today, I will cancel my remaining gtc bids and stand back to see what happens. Bonnie Bear has been pounding the table about Asia since before the October 27 meltdown. She recently posted on the BK thread that she thinks stocks will re-test their July '96 lows. Are the baby boomers capable of going to such an extreme? Well, we've done a lot of extreme things... >>QCOM got hit by the flu bug today, did you protect or unload your shares?<< Late last summer I realized I didn't understand QCOM very well, so I cut back on it. I'm just holding on to the remainder with no protection and keeping my eyes closed. If if drops below my initial purchase at 45 I might buy some more. BTW, this is the first time all year that the DOW has dropped every day of the week. I just took a look at the 100-week EFII chart. Two years of gains wiped out in one day! Good luck!