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


To: Riskmgmt who wrote (17971)4/16/1998 3:26:00 PM
From: Tom Trader  Respond to of 50167
 
>>I can't find enough time to go through the 200-300 posts on the Tech Stock and ASND threads now let alone the other threads that I try to follow<<

ROFL--you are right about that. The TSO thread seems to go from a catatonic state to one that is sheer frenzy--and that is even without my contribution:)

As a result, my skill at skimming has greatly improved recently:)

Re the market

>>Sooooo... what does your system say-

My system goes back and forth from the long to the short side and back again and in the process, it makes a few dollars. It is really not a good gauge for intermediate market direction--more short-term oriented really.

But here is a posting that outlines my subjective opinion of the market, for what it is worth.

Message 4086503

The probability that my analysis is correct is only exceeded by the probability that it is not:)

>>if we guess right we could buy a small house in L.A -well
maybe.<ggg><<

I hope that was meant to be a very big grin--because today one would have to have a windfall to buy even a shack:)

Real estate prices in parts of the Southland have sky-rocketed recently. It is really quite insane; an agent told me that on the West side, houses are intentionally listed at a little BELOW, what they are worth and potential buyers seeing this all clamor to buy and end up bidding against each other and in the auction climate that results, the house sells within days for substantially over list and well over what it is worth.

Regards