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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (18749)	5/19/1998 4:25:00 PM
From: HH	Respond to of 94695

Bear trap, Bull trap. TRAP is the operative word. HH

To: Oeconomicus who wrote (18749)	5/19/1998 4:45:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 94695

Or "I will be damned if I let that stock get away from me again!" or "this stock has gone down just a LITTLE (100 to 75), it will rebound any time now. Look how well the other stocks are doing!" or after a person sold at a 50% profit in two months kicking themsleves (or worse their money manager) because they sold too soon as they watch the stock gain another 20% on the dollar: "this time I want you to sell at the TOP!". How about the group that watches their stock selloff after a runup before the earnings announcement to say: "Don't there people realize what a DEAL the stock is selling at now? Heck their doodads will become the thing of the future. Everyone will have one!"... as the price of the stock works its way back to where it was hanging out just after a 75% sell off in value due to "cooking of the books" that reported a subtantial profit in place of a substantial loss, assoicated lawsuites, substantial losses of customers and key staff, and being left marginally credit worthy to banking interests. Oh, lets not forget that this same company that has financed their operational costs through a private placement of convertible preferred. Now the preferred holder is converting to common to sell at a 50% discount to the current price of the common which is at 8. In the end, this will represent over 25% of the outstanding shares (not float) of the company. Say goodbye to the pice of 8! Sentiment abounds in this market! Bob Graham