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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Gary105 who wrote (5176)1/19/1999 5:55:00 PM
From: Trader J  Read Replies (1) | Respond to of 56532
 
Gary - I see many try to justify gaps in Inet stocks and then apply fundamental TA to them and say that the gaps are going to be filled. In my opinion, this is hog-wash. The Inets are right now, in my eyes, a psychological play. When they are running, most of them run. When they are not, they all sell off. Perhaps on slower days, these gaps will have a chance to fill but for the most part, I don't support this theory with the Inets.

News and hype, fear and greed. The Internets are just amazingly over priced .... to the point that I know longer try to justify it. I just trade them and pick the ones that have stories behind them to add some support on the weaker days. This house of cards will eventually come down, and then will be built again.

Should be fun.

All of this is just my own view however.

TJ