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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Bogeey who wrote (2838)12/9/1998 8:53:00 PM
From: max power  Read Replies (1) | Respond to of 90042
 
Bogeey,

I few weeks ago I talked about picking up afci at 8 and was told NO WAY by the afci believers. Monday I cancelled my buy on 1K @ 8 and will wait for <7.
High volume, lower each day - looks like pair before they warned. I would not be too eager to buy right now. The people bullish on afci may feel differently.

thomas



To: Bogeey who wrote (2838)12/9/1998 10:04:00 PM
From: Glenn  Read Replies (2) | Respond to of 90042
 
I'm really feel down on the market right now for long term trading unless you're picking companies like fon or lll.
I feel AFCI is not a dog even though it looks that way. When the market gets iffy, the mutual funds seem to hide out in the telcos and other utilities. (yes this is an opinion).
I'm back in the market by Monday (I got out a day or so ago). As I get back in, I will still be out at close.
If your not in AFCI right now, wait for the bottom. What's the rush.
Again I'm not making money sitting the sidelines either.

Glenn