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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: Tim Luke who wrote (4501)1/1/1999 3:46:00 PM
From: Glenn  Read Replies (1) | Respond to of 90042
 
We have, off and on, discussed corrections.
I liked your statement re Jan 11 pull back on the nuts. The wsj is laughing at the situation.
I have wandered a bit from the daytrader rules of going liquid at 4 every day, largely because the financial news stated that the first two days of the year would be good.
I think Dec 29 might have been the start of the nut cracking actually, but same diff.
To the thread: What's your
bull/bear feeling for the first quarter right now? and is it wise to revert to the 4 o'clock all wet policy again short term?
Smiles,
Glenn




To: Tim Luke who wrote (4501)1/1/1999 3:47:00 PM
From: Lost in New York  Respond to of 90042
 
Happy New Year to all.

While surfing today I found an interesting site:

smartmoney.com

It gives a graphical picture of the overall market or various sectors or stocks. Just saying the market is up X or down Y doesn't really tell you what's driving that number. This site will tell you that. Click on the instructions button for an explanation.

It's also pretty good from a Gee-Whiz point of view.

Dave



To: Tim Luke who wrote (4501)1/1/1999 4:06:00 PM
From: Fred C. Dobbs  Read Replies (1) | Respond to of 90042
 
Hi Tim,

Find it remarkable that intelligent investors can still be swayed by market frenzy. I will always be suspect of cyber personalities or media fear mongers. We can never know a person's true motive, ie., day traders, shorts, pump and dumpers etc.

Internet stocks are a prime example of investments that can be directly affected by one man's statement. Our job is to find the one's that do have the fundamentals to survive, or make take advantage of the ones that don't.

I firmly believe the internet market will correct, but not with the doom and gloom that many predict.

This situation is not that different from gold stocks during high POG's. Not all companies are bogus.



To: Tim Luke who wrote (4501)1/1/1999 6:07:00 PM
From: JustInTime  Read Replies (1) | Respond to of 90042
 
>>regrading the internet stocks and cnbc ....all you will be hearing is the bubble is about to burst ...is the rally over.....when is it going to end.....all these comments send investor's running for the hills.....look what happen to skym after joe kernan mentioned the ceo selling shares....

That doesn't concern me when everyone says the sky is about to fall, bubble is about to burst etc....what concerns me more, is that I have noticed very recently (last 2 weeks or so) more and more "respectable" analysts claiming that things really are different this time, that internets WILL continue to go up, that the average investor SHOULD have part of his/her portfolio in INuts...when everyone starts saying that, thats when I get nervous!