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To: LastShadow who wrote (4662)1/9/1998 5:07:00 PM
From: Dave Shares  Respond to of 120523
 
Hello Last Shadow (and this is also addressed to Jenna),

I have now been lurking on this thread for about two weeks. I just want the two of you to know (and all the other posters who are providing information) that this, in my humble opinion, is the absolutely most informative and terrific thread on SI. Your willingness to share information with other investors/traders like me who are learning to do it by ourselves (without broker recommendations) is greatly appreciated by me as I am sure it is appreciated by others.

One of these days, I might know a fraction of what I am being exposed to here, at which point I may feel worthy enough to post something of substance. But for the meantime, I shall return to lurker status and once again, express my sincere thanks and good wishes to all for a job being very well done.

David

p.s. I hope no one got too bloody today, and am I glad I took some profits yesterday !



To: LastShadow who wrote (4662)1/9/1998 6:17:00 PM
From: Fitz  Respond to of 120523
 
Last
Keep an eye on GEMS for monday morning.
Made last minute rally in a down market today.

Fitz



To: LastShadow who wrote (4662)1/9/1998 6:27:00 PM
From: Arthur Radley  Respond to of 120523
 
PolyMedica(PM) held up well in this debacle today and actually traded up by .50 early in the day on heavy volume for PM before settling unchanged for the day. Part of the action might be the result of a nice article in current issue of Individual Investor magazine that I received today. Article mentioned the projected 50% earnings gain in 1999 over 1998 earnings and also spoke of the new Medicare rules that come into effect on July 1, 1998 in which non-insulin dependent Medicare patients will be eligible for coverage. This magazine should hit the newstands this weekend so we might get a positive week coming up if the market is halfway decent and not like today.



To: LastShadow who wrote (4662)1/10/1998 6:48:00 AM
From: Daniel Goncharoff  Read Replies (1) | Respond to of 120523
 
Last

Don't buy anthing after a jump in price of more than 15% unless the volume was
only 50% above normal or less. Even then make sure it was several dozen trades
and not a single large buy.

How do you define 'a jump in price', what is the time period?

TheGonch



To: LastShadow who wrote (4662)1/10/1998 7:53:00 AM
From: toothdock  Respond to of 120523
 
Last-Excellent News!!!!

Glad to hear you are in perfect health.

An aside:

After reading all the papers (NYT, IBD, etc) this AM, just about every market guru was as shocked as any of us here as to the steep decline yesterday. Remember one important point I read-there is hording of sugar in Indonesia and the Far East-if that isnt panic-what is?

The sell off yesterday was a reflection of this panic mentality. I honestly do not think it will continue for much longer. The IMF has sat on their hands, and it is time for them to sh*t or get off the pot. At that point Uncle Sam will step in for the bail out. Remember that every financial crisis in foreign countries, e.g Mexico, always resulted in a major rally.

With bond yields as low as they are, and the US economy as strong as it is, this correction is a blip in a continuing bull market. Be patient and pick your plays wisely.

trade with profits

toothdock