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

To: KY who wrote (12315)4/28/1999 10:04:00 PM
From: stockycd  Respond to of 99985
 
KY,

Somebody give me a good reason NOT to buy AOL, CMGI, YHOO, or any of the so called leaders around their 50 dma? Look at all of these charts...each time they hit the 50 dma they bounce back.

Depends on your time frame. I, for instance, could care less about AMZN next month or next year. I just want it to help tank the market for the next 2 days so I can make some decent money (more than a friggin scalp) on PUTs I bought today.

The nets may be a good "buy the dip" but I think it's gonna get worse before it gets better.

Chris




To: KY who wrote (12315)4/28/1999 11:04:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
KY,

>>>>> Somebody give me a good reason NOT to buy AOL, CMGI, YHOO, or any of the so called leaders around their 50 dma? Look at all of these charts...each time they hit the 50 dma they bounce back.

Sounds good to me, alot better than pay 170, right?

seeya



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