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To: Rich B. who wrote (6687)1/6/1998 10:29:00 AM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
I wish I could call the bottom. My toes aren't tingling.

There is some tremendous money to be made. I wish I was just discovering this sector today!!!



To: Rich B. who wrote (6687)1/6/1998 10:32:00 AM
From: Thean  Respond to of 95453
 
With today's spectacular gap down and the bottom fell off, we are breaking the lower BB supports righ and left. Sorry folks but this is panic selling. I'm not prepared to lose another 20% so though they are screaming buys fundamentally, the downside risk is great. Better days will come but likely not today and not this week.

GW's support is $3.5 this week in case people are interested (down trendline).

However, for those who are stuck in long positions (myself included), I'd advise against selling into panic. Take the small losses to raise cash but hold on to the big losses. It is good to go against the box in this scenario.