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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: The Phoenix who wrote (10193)11/25/1998 12:52:00 PM
From: mph  Read Replies (2) | Respond to of 34810
 
Gary:

Everyone else seemed to be having fun with these internet babies so I decided to join the fray. Why fight it? I intend to be nimble and go in and out as conditions warrant.

I posted my entry into NM yesterday, at sub 9. It's hit 12 today already. There is a media blitz set over the weekend, which I hope will give it a further boost.

I'm still in EGGS. Sold COOL, but looking for re-entry.

What can I say? This is fun!

mph



To: The Phoenix who wrote (10193)11/25/1998 1:12:00 PM
From: Jorj X Mckie  Respond to of 34810
 
Gary,
Well, you know that our styles are completely different...Except for my core holdings in a separate account, I rarely hold anything for more than 1 month.

But..I think you boiled it down exactly. Throw money at anything that has "Internet" painted on its side. What is amazing is that I considered the internet craze, just that, a "craze". Couldn't put money into it cuz the bubble has to pop. But your assertion that they would be the first to go if the bubble pops didn't suss out in the great correction of '98. So everything you said seems to be true, and it seems like a blatant TDT, but the trend is still in the upward direction.

An interesting trade would probably be AMZN, which will be splitting shortly. That should be good for another $50.00 pop.

JXM