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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (11896)	4/23/1999 3:26:00 PM
From: Mike Learner	Read Replies (1) \| Respond to of 99985

FWIW: This was on my e-mail from Street.com: The strategist observed that if 10% to 15% of the 8 million online investors have average portfolios of $100,000, "we're talking about a $15 billion pool of funds moving in and out everyday. These people are playing stocks that are fairly illiquid, that's why you get major moves. On top of that, institutional investors are playing more actively" in Internet stocks as more traditional brokerages expand coverage. "That's why maybe the paradigm is different," he continued. "It has a lot to do where the Nasdaq is. But it works both ways. It'll be much nastier on the downside, but we haven't seen that yet." I guess the strategist name was "Haam"! Mike

To: StockOperator who wrote (11896)	4/23/1999 3:43:00 PM
From: Compadre	Read Replies (3) \| Respond to of 99985

SO: You are right in that the market will always give a clue before a drastic trend change. An experienced trader should be able do detect that in time to get out with a small loss. As for the "average investor" I think if all of them wise up and sell at the peak, this stock market will be no more. Yes, I think they will get out at the bottom, with or without our help. And it is not our responsibility to make sure that they do get out unharmed. And besides, there is plenty of bearishness in the thread to scare off those guys from their positions already. Regards, Jaime