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

To: XOsDaWAY2GO who wrote (10455)	11/29/1998 1:13:00 AM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 34809

OK... since we're going to all put our best efforts together to capture what we can here, I'd like to suggest one thing. It's obvious that there is a huge bubble here - this type of trading is not for the faint of heart... there is a huge potential for disaster with this type of mania. Judy mentioned PRST as having set the previous precedent - and then , as now, there were a lot of people who made money , and a great deal who lost money following the fever to the top. For me, I experienced a similar mania last October - I did not hit a penny stock I could lose on... made tremendous profits ( and booked them ) - it was unbelievable . And then we had the "correction" . Sooooo... I see this as a very potentially dangerous setting....BUT ! ... I also see several different levels here that we can participate in. P&F can show us , what those levels are . If DWA is not following an internet stock , or the stock does not have enough history , I'd rather pass. There are the internuts that will be pure momentum plays - but there are also those that will then have further legs and will become more established players... those are the ones I am hoping to work with - the first and second tier internets. When it is time to short, the third and fourth tier will come in handy. That is where it would be handy to have our folks with the FA expertise help us.... perhaps ride those with ACTUAL profit experience up - and those that will falter in the weeks to come, down. This can be a tremendous project .. and I'd really like to do it the P&F way. Hopefully we can identify those stocks, as Judy mentioned , that have now hit that sweet spot, where P&F can provide our guidance. Chasing the one and two day wonders is a whole nother story....