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


To: Muizz M. Kheraj who wrote (15684)12/17/1997 11:03:00 AM
From: Riskmgmt  Read Replies (1) | Respond to of 50167
 
Hi Muizz;

Have enjoyed reading your last few posts. You seem to be the only one with an upward bias other than myself and Ike.
However, I respect many of the posters here and seeing them all turn bearish unnerves me. I also do not like the fact that the markets turned so quickly this a.m. Dow is now down 17 as I type and NASDAQ has lost about 2/3rds of it's earlier gains.

re:I agree with you that MM will be selling tech losers to clean their portfolio, but that's
over and done with.


My question is this. Are we still in a bull market for techs longer term, or has something fundamentally changed? The CEO of Jibil on CNBC this a.m. seemed to think Asia was not a problem and was way overblown.

Many investors are nervous as indicated by the lack of posts on this and similar threads. I am tempted to initiate some long positions at what I think is bargain prices, is this a good idea in your opinion?

Regards,

Ray