Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (16883)	10/24/1998 8:58:00 AM
From: Larry S.	Read Replies (4) \| Respond to of 53068

Return to reality. Dow 9400 to 7400, -2000 points, 7400 to 8500 +1100 points 55% retracement of the loss. Put up chart of $INDU, if it was a stock, i would have my finger on the sell button. POS (Pieces of Sht) are flying: mme, oxhp, iom, etc, etc. Ron, after being totally battered in the decline, had over 50% recovery. Am now out of margin, have cash available, and am very watchful of current trading positions. Holding CD and NSCP as major long term investments. Bot G personally and for the Z because it looks like KO did 10 points ago. Been hitting the ATM machine at BT several times a day. traded vlsi warily, but made a few bucks. sold too soon on some issues and made nice $$. bottom line. i think the current gravy train is almost over, and fear that we will retest the 7400 level. There is a world recession on the horizon, or more correctly, many economies in the world are mired deep in recession, Europe and US are pretending they are islands. raise cash, take small losses (duh), don't buy sht stocks as long term investments, and good luck. larry

To: Ron McKinnon who wrote (16883)	10/24/1998 9:05:00 AM
From: Susan Saline	Read Replies (1) \| Respond to of 53068

Ron dear, Thank you ever so much for the list and showing the returns .... what a bright light!! What I have learned .... from the Oct. correction (I was in ASND) and this most recent summer correction .... that the "name" brand stocks always rebound As mosts of you know, I have been playing and replaying the same 200 to 300 stocks ever since I have been playing the game. In the past few months I have been deleting the "no name" NAZ companys that run up fast and make quick doubles ... only to make new lows and never really come back ... I have been replacing them with the more well known ones like F PEP KO GM AMD and so on ... A ways back ... Darth stopped playing the NAZ and went only into NYSE stocks, I remember that and am slowly trying to emulate his idea. There seems to be more of a safety net with them. Greed is good ... but greed kills too! watching AND fwiw Take care, Sue