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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: pressboxjr who wrote (9410)3/1/1999 11:34:00 PM
From: Thomas Sterner  Respond to of 43080
 
Watch List 3/2

Add:

HTCH 37 3/8
QNTM 19 9/16

Still Bullish:

ACXM 24 5/8
HAR 39 3/16
SUIT 30 3/16
PMRY 22 5/16
PSIX 36 3/16
SYKE 29 11/32

Tom



To: pressboxjr who wrote (9410)3/2/1999 12:11:00 AM
From: Copeland  Read Replies (1) | Respond to of 43080
 
Similar set-up in 1929. The British were selling American debt heavily prior to the great crash. The Japanese are currently doing the same in order to buy their own bonds prior to their fiscal year end.

On a purely psychological note, they're lots of similarities between the 1929 investor and the 1999 one. Lots of average joes with, at most, two to three years worth of experience in the market. Funds galore (aka investment trusts). Rampant speculation -- my brother in med school tells me stories of students daytrading Yahoo in the computer lab during class; there are twelve-year olds with E-trade accounts, et al.

But then again, lots of us have heard all this before.