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To: Bazmataz who wrote (20854)4/30/1998 9:45:00 AM
From: waverider  Read Replies (1) | Respond to of 95453
 
>>The fact that everyone on this thread is pumping us up when last week we were all worried symbolizes a change in psychology.<<

Dude, not EVERYONE. Some of us were preaching buy. In fact I did buy more NE, ESV and started a position in UTI. I agree that folks get happy when their stocks rise and bummed when they drop...and yes last week many were urging caution at the EXACT time they should have been scooping up shares...especially the short term traders/timers. But the technicals at this point are looking very good. There is reason to be happy...this week AND last.

>>IF everyone IS buying at these levels, then why weren't you all buying 20 or 30 or even 100 percent ago? If everyone's buying FGII now at 40-41ish, why wasn't everyone buying when it hit 25 or 26 just a month ago?<<

Not these levels, at this moment, but very soon. Breakouts are about to appear in many of our stocks (RIG, VRC, DO, UTI, and SCSWF, NE, CDG). Go with the trend. This time it is your friend.

<H>



To: Bazmataz who wrote (20854)4/30/1998 10:44:00 AM
From: drsvelte  Read Replies (2) | Respond to of 95453
 
Another take on thread psychology:

Message 4265369



To: Bazmataz who wrote (20854)5/1/1998 12:04:00 AM
From: Patrick J. Saunders  Respond to of 95453
 
Bazmatz, I agree with your assessment w/r to the thread's
euphoria. In fact, I tend to utilize the sentiments expressed
here as a metric to tell me when to buy and sell. Call me a
contrarian, but its seems to be working at the moment.
Its really tough to go against the tape, when you really
don't know where the bottom is...Good luck to all...Pat



To: Bazmataz who wrote (20854)5/1/1998 12:16:00 PM
From: John Carpenter  Read Replies (2) | Respond to of 95453
 
Thank you for setting me straight about yesterday's "euphoria"
on the thread. It was definitely a contrary indicator
indeed. I guess all those people buying yesterday were
doing so at or near highs.

In reality, the only thing that has proved to be a
contrary indicator was your response to me.