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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: JustInTime who wrote (4515)	1/1/1999 8:15:00 PM
From: Junkyardawg	Respond to of 90042

Want to hear a crazy prediction for the nuts? Here is what I think. Boy I will give myself away here. A professional trader I aint. But... It seems that the market almost always goes against the general opinion of everyone. For what reason I don't know. But all of us thought that the nuts would have gone down a long time ago. Heck I entered a contest on SI (a three month contest). Well I can remember the day I picked my 5 stocks for the contest. I decided that I would pick the most over- valued stocks I could find and go long on them. That way I would be assured of finishing in last place. So I picked the internet stocks. Guess what happened? I finished in 6th place. I wanted to finish in last place and have some fun on the contest. That way I could give everyone a hard time. Go figure. So this is my estimation of the current internet stocks. THEY WILL NOT GO DOWN How long have all of us and everyone on the media been saying that the nuts will fall and fall hard. They keep going and going and going I think the rabbit on that t.v. commercial is invested in the nuts. Most all of the big boys in the nuts the Yahoo's, aol's, excite's... etc. will split and split with minor adjustments. And the evaluations on them will be high and get higher. The only thing that will stop this in my opinion is a "depression". Not a recession. When the banks are out of money and the margin requirements are at 175% or more then and only then will the nuts come down. BTW if anyone invest in the nuts on this scenario then they are NUTS. I got to get back to reading... dawg