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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: steve in socal who wrote (4075)	2/7/1998 10:02:00 AM
From: Linda Kaplan	Respond to of 18928

sk: Your experience with NN is wonderful. You were wise to sell out, even though a bit early. I have a friend on SI who was so keen on it, he almost talked me into buying in, before it crashed! I wouldn't be surprised if it didn't have a great recovery. This sure seems like a bargain price for it. Let us know what you decide. Linda

To: steve in socal who wrote (4075)	2/9/1998 1:09:00 AM
From: Bruce A. Bowman	Respond to of 18928

watch out, super steve... new technology defeats the mute raising the volume instead of killing it while simultaneously causing your blender to randomly turn on and off and your garage door to close when the car is half way thru! in fact, it's rumored that the reason Piloto is Loco is from attempted overuse of this new tech mute button in a house where he's the only male resident! :-) Amazingly I didn't have NN in the database. I fixed that and poked at it a little. I like your logic, but I think it might be a little early. I need to warn you, though, that I don't try to get in at bottoms. I trade with established trend or ST reversals back toward established trend. That might affect how you use anything I might see in a chart. What I think is happening is that there's still a lot of distribution going on. Even the indicator that attempts to measure "smart money buying" (buying while price is dropping like an AIMer would do) says there's distribution going on. There's nothing in the trend indicators or relative strength indicator to lead me to believe there's a reversal afoot just yet. LT (weekly) looks pretty much the same. So, depending on how much of a contrarian you are, all the negatives I've just presented should indicate it's the perfect time to buy?! :-) Bruce