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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18686)	12/4/1998 9:06:00 PM
From: mattie	Read Replies (2) \| Respond to of 69438

Warm back East, but cold here on the West coast. By the way Clint, <Last time I listen to you guys, look at this buying! > was a sarcastic joke - It's hard to make a joke on the net when you can't see facial expressions. I am glad I took profits, this market is frothy. I did leave some on the table, but can't go broke taking a profit.

To: Clint E. who wrote (18686)	12/4/1998 9:35:00 PM
From: xcr600	Read Replies (1) \| Respond to of 69438

<< I am really tired of all the nonsense in the stock market. I don't know about you but this volatility and people's stupidity is getting to me. There are a lot of airheads out there. >> Clint, I'm not sure how many years you've been in the market, but do you think we could have entered in to a new era w/the advent of online trading? With so many people now sitting at home trading, do you think that they can drive the market in ways that wouldn't have occurred 10 years ago? (I'm too young to know.) I realize alot of people may be trading 100 to 1000 lots, but if you add that in w/the thousands (millions??) of at home traders, it can amount to quite a bit. Enough to move a stock or the market? I've encountered numerous people at work, who even with October's decline, always felt the market would come back. Why worry? Stocks ALWAYS rebound, they'd say. I may be an inexperienced trader, but I know better than that! The mentality of buy the dip in among the general public seems to be everywhere. Have a good weekend. p.s. Too warm in Minnesota as well! No snow :(

To: Clint E. who wrote (18686)	12/4/1998 9:50:00 PM
From: Suresh	Respond to of 69438

Hi Clint, >>> It is quite warm here in the DFW area as well I am jealous.. you guys are taking all of so. cal weather away. I hate the current cold weather. Later, Suresh

To: Clint E. who wrote (18686)	12/5/1998 2:16:00 AM
From: Suresh	Read Replies (1) \| Respond to of 69438

Hi Clint, if you get a chance take a look at the research report issued by MER today about telecom sector and tell me what you think. According their report overall contracts announced for month ending Nov.. seems very low. Also, their research report issued in october had considerably decreased the growth rate for the sector. Do you agree with their assessment or things have dramatically changed starting december ? Most troubling to me in this market is that semi bulls are behaving as bad as internet bulls. I can't imagine research analysts go on pushing stocks like MU as a strong buy with 99 earnings (or lack of) loss of 30 cents and year 00 earnings of 30 cents. They have the audacity to suggest a 12 month target of 70 bucks! Later, Suresh

To: Clint E. who wrote (18686)	12/5/1998 11:31:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 69438

Know what you mean Clint... but I'd reverse 'airheads' to read heads full of air. Not really the participants fault. There are two phenomena which are new to the market. One.. day trading on public scale that exceeds institutional scale soon. In and out in one to five days means (mostly intraday) means a huge volatility will be applied to whatever stock is in the news. There are patterns to this which can be exploited. Heavy running in the morning.. you know there will be some selling to get out by dinnertime and the same with the shorting. Two.. yesterday I heard an ad on car radio that said Schulman or somthing like that.. will let you trade "their" money on an intraday basis if you are a series 7. "No need to worry about capital or using someone else's money, use ours," the enthusiastic voice rang out. Wow, no need to worry, just sign up and trade and make money having fun! While this seems to be the leading edge of nonsense... like being given "free" money to gamble when you get off the plane in Las Vegas, its a new wrinkle that goes to the general public. Many day trading houses serving coffee, computer screens and live MSNBC are springing up around the country as a way to pass the time. I'll wager right now that the traditional "leisure" clubs like Playboy and NY Athletic etc, will see the light and open trading rooms with first class service... ..... and how about the first class lounge at airports... "Excuse me, may we offer you an options trade, straddle, currency swap, or some other derivative on your trip to San Francisco?"