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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (21642)9/24/1998 11:20:00 AM
From: Cube  Respond to of 79227
 
Thread,

Earlier last week, I posted something I heard on CNBC regarding the huge losses in hedge funds due to their 10X margin investments in Russia and South America. This link to the Drudge Report focuses on what some of the major newspapers are reporting today:

drudgereport.com

Doug thought that this and the possible impeaching of the President would be buying opportunities (paraphrasing of course). I think Doug is right about this. If these hedge funds have made stupid investment decisions that have caused them to have to sell their winners to pay for their losers, this could be one of those times where the individual investor could be buying first rate companies and really cleaning up.

The next wave of selling could be a great time. Doug, we'll all have to be busy looking for the best buys on the best companies. IMHO.

Cube



To: Doug R who wrote (21642)9/24/1998 11:22:00 AM
From: Cube  Read Replies (1) | Respond to of 79227
 
Doug and Thread,

Whoever brought XYBR to the thread, Thanks a lot. I went long on this company a few months ago when the indicators were looking good. Today was launch day, and it feels so good!!

Thanks again. Cube



To: Doug R who wrote (21642)9/24/1998 1:34:00 PM
From: Michael L.  Respond to of 79227
 
Doug, DCTC traded already close to half a million shares and did not move. But I will wait until it goes over 2 and it will. Look at fundamentals. At least for a short time they have a bright future. Michael



To: Doug R who wrote (21642)9/24/1998 3:41:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79227
 
Hey Doug

exited NORT. did not the action today. big seller came in and I decided enough already.

Market looking somewhat ugly here. 257.5 down on the Dow MUST HOLD or we are going to test the 7600 area I believe

ht
david