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To: Tim Luke who wrote (19203)11/30/1998 6:24:00 PM
From: jwk  Read Replies (1) | Respond to of 119973
 
Tim --

pnlk had an interesting day inspite of the 'net collapse and no help from your troops, but then you already knew that.



To: Tim Luke who wrote (19203)11/30/1998 6:28:00 PM
From: Jane4IceCream  Read Replies (1) | Respond to of 119973
 
Tim..

Chill out!!

Nobody knows what is going to happen tomorrow.

Personally...I am back to majority cash and took my profits on the 'Nets this morning and traded a bunch after that...but still holding minor positions in a few.

Youve changed lately.

Mrs. Cleaver



To: Tim Luke who wrote (19203)11/30/1998 6:52:00 PM
From: chickenman  Respond to of 119973
 
TIM LUKE... i believe we all know what is going on...

it is HYPE... we know that... we are short-term traders... we live for hype...

the next few days will be UNPREDICTABLE... agreed... but the internet mania will not disappear...

today was a HARD shake... expected... as all INETS were WAY TOO BLOATED... had to let something go...

most of the ones that lost have been recent gainers... again... profit taking...

even the heavies... EBAY, AMZN... took it in the arse...

these represent good buying opportunities... when the market decides to upswing...

it will all come back... and then some... the trick is to catch the wave after it has already formed...

if you try to create the wave... by flapping your arms in the water... you will only make ripples...

and if the waters recede... in a STRONG DOWNWARD TREND... then SHORT and make money on the other side...

but today was not a strong downward trend... support held many stocks well above their price 2 weeks ago...

chickenman



To: Tim Luke who wrote (19203)11/30/1998 7:17:00 PM
From: JEB  Read Replies (1) | Respond to of 119973
 
Tim

The shorts have a margin limit too in the big INETS. The margin sword cuts both ways.