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To: Judy who wrote (20843)9/1/1998 10:33:00 PM
From: Nancy  Read Replies (1) | Respond to of 27012
 
EMC - didn't know it has 22% revenues coming from Latin America - no wonder it went down harder than others since last week. fear overblown.

biz.yahoo.com



To: Judy who wrote (20843)9/1/1998 11:15:00 PM
From: Sonki  Read Replies (1) | Respond to of 27012
 
judy, i m only learning. i would never be caught in a bind that is why i m "learning" ins and outs and every rule as to how far something has to go down. etc. My roth is 100% cash, rollover is 80-90% cash.
my kids are in cash. I m still sitting on lots of bonds and preferred stocks. ( i have been for the whole year).

i have come up w. a fanatistic way to make a guranteed returns atleast 12% upto 33% regardless of ANY market conditions, in the bearest of all bear and bullest of bull.

for 2 wks i have been creating spread sheets after spread sheets trying to find a fault w. my thinking.

then i will review with a few people and do a lot more home work.

once this is done then i will go on margin only to maxmize my guranteed returns.



To: Judy who wrote (20843)9/2/1998 12:28:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 27012
 
Much of the trading on Red Monday was due to margin calls which ended up in a mass liquidation of stock. Many had their pocketbook yanked from their hands on that day. Until the market goes down to retest this recent bottom, I would consider it suspect and trade accordingly. Also unless you were early into this rally, taking a long position trade may not be a good idea at this point in time.

Still I have seen many jump into a long position in stocks like DELL as the market was tanking at the end of last week. The "bungee jumpers" of the market that have learned a costly lesson when Monday rolled around. As the S&P futures floor trader George Angell said in one of his books, during his successful trading career he was surprised to learn that many are in the market not for the money but for the excitement. How true this is. And I have not ever seen this fact made so obvious until the market started to sell off a few weeks ago.

Bob Graham