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To: Crimson Ghost who wrote (36126)1/28/1999 7:50:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
In my view, the best thing that could happen to many osx stocks would be to print a new low in the next 2 weeks. Then, it would confirm the last wave down and they would then be 'safe' to buy and hold. So,at the moment, I am 80% in cash and waiting. As Slider implied,'it's different this time'(no panic). That's because it's wave 5 the last wave down. The panic is in wave 3 not 5. This is the 5 that I alluded to a couple of weeks ago and hopefully will result in new lows (so far only RDC and GIFI made new lows but many others have already taken out their dec lows and are quite close to printing new ones. Still too early to pounce. RON could easily bottom near 20-21 for eg.