Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD) -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (736)	1/20/1999 10:54:00 PM
From: Rick McDougall	Respond to of 1848

AW, I think it is suicide to short an internut related stock in this investment climate. My best guess for tomorrow is that the market will continue its trend down 1st thing in the morning & then start trending up somewhere around 11:00est. Hope to take a long position in $47/51 range. Am not currently long or short amtd.....Rick

To: AugustWest who wrote (736)	1/20/1999 11:19:00 PM
From: Gil Gilbertson	Respond to of 1848

Food for Thought before we get too excited.... From a technical pt of view, the gas is coming out of the bag on the internet stocks. The top was put on Amazon 80 points up on 30mill shares . Its been downhill bigtime ever since. Onsale broke down today after announcing they will sell anything for cost, what a way to do business...Yahoo looked like it had lead in its pants and dove to the bottom of the tank, This will trigger downside action as the ecommerce players get nervous over a profitless business. Etrade tried all day to get up to the top at 100, but liquidation won out and it closed down at 86 ready for another sell off. Ameritrade already discounted todays report. We will probably get a sucker rally early on of 2 to 4 points followed by an exit to the cellar door. After all 13 cents looks a little insufficient with Merrill and the other biggies waiting in the wings with their Online sales offering. I am sure we will soon see margin calls going out and restrictions on trading, such as 60 per cent cash or more . Tomorrow looks pretty shaky, even for the big board as Greenspan has em nervous and this market wants to pull in for a while. Be on guard for a turn in the momentum bigtime. On Ameritrade, the best we could possibly see is a double top around 69, my guess is about 4 pts up to 61 very briefly....good fishin.gil