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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (17530)	8/5/1998 5:59:00 PM
From: Goldbug Guru	Respond to of 69762

Wall St. can fix the market once, twice, 3 times, but they can't manipulate the markets everyday. They're going to run out of ammo, when that happens the sellers is going to rain bombs on dow jones. One thing people have to realized is that there are millions of long term investors already locked in a hefty profit from some of these big names companies like Coca-Cola, Merck, General Electric, Wal-Mart, IBM, and so on. There's lots of PAPER PROFIT out there, that's right pure paper wealth. The market we're in now is no longer the same as the market we invested five years ago. The atmosphere is dark & cold, long term investors is going to do the unthinkable that is selling all their blue chips stock for a real profit. There is no loyalty when it comes to "money". Investors should look at the short position that's building up on the Nasdaq Exchange, is real scary just looking at it. The shorters is going after everything, especially the internet stocks. People shorting stocks are usually professional, and these guys will clobber the market. Let's take Dell for example, a tech stock that gone up skyhigh and pays no dividend to the shareholders. I personally think Dell is going to run into a brick wall one day. That one day can happen in August or within the next six months. If investors think Dell will continue to grow at a steady pace then they must be dreaming. In order to sustain at the current price level, Dell is going to have to land a lot of contracts in the near future. The product that they're selling is not a necessity, I wouldn't buy Dell because Intel slashed the price of their Pentium 2 chips. Most of the tech stock is way overpriced, watch them go lower.