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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: bearshark who wrote (11435)12/12/1997 8:36:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 94695
 
bearshark, >>I think we both are going after the same type of damaged stocks.

Heck 150 day moving average is not damaged, it just shows the stock is slightly broken and just getting started.<ggg> I don't consider the start of a stock being in a bear market until the 200 day moving average. My definition of damaged is when you cover your short because the % gain of loss potential is not worth going after.<gggg>

If we have a true bear tech market some of these companies will not be around after the bear is done. Hopefully we can pick some of these as time goes on. It will become clear.

A couple of companies that come to mind when thinking of going out of existance are Novell and Bay. Do you have any thoughts?

Joan