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

To: Compadre who wrote (14854)	5/25/1999 10:48:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Jaime, Sorry it's taken me so long to get back to you, I had a busy day both trading and doing personal things. Anyway, unbelievably I had a great day in the market playing on the LONG side. I follow quite a few companies of all different price ranges and a few of them have made substantial moves in the past week. One of my best strategies in the market is to look for deeply depressed stock prices on companies where the insiders have been buying. Once I find them I technically break them down to find the ideal buying time. I've discovered over the years that the insiders are often very early in their purchases and most of their company shares continue to drop after they buy. So it is very possible to make big money even in an market environment like this. In regards to the market overall. The nutz as a group and then the tech's are showing the greatest damage here. Many of these stocks are beginning to free-fall which to me anyway is indicative of prices shaking off the lose holders. But because this rout may acutally be in it's early stages I will not jump in front of a moving train until I get solid confirmation that this downdraft may be over. Which btw, I did see a few signs of that today, especially in some of the recent ipo's in the nutz sector. Still, I am in no big hurry to go long the majors. If this is a shakeout it should resolve itself pretty quickly. Watching and waiting. Regards, SO

To: Compadre who wrote (14854)	5/25/1999 10:59:00 PM
From: bobby beara	Read Replies (5) \| Respond to of 99985

>>>if this was a shake out, it will take a lot of time to repair that damage<<<< IMHO, this is no shakeout, but a geniune change in trend, full of contrary indicators that should smack everyone in the face. WE HAVE THREE WAVES UP IN INTERNET MANIA: wave one ended at the October 97 top with just a few issues participating AND EVERBODY DOUBTING wave three ended in the july 98 with many more issues joining the camp.AND EVERBODY DOUBTING wave 5 ended with internet IPO mania and everybody feeding at the trough and cashing in at the top. AND EVERYBODY TOUTING AOL THE MUST HAVE INTERNET STOCK. the companies, the brokers, yadda yadda on the backs of john q. public who opened a schwab account to buy mania.com so his broker could have an island empire and a helicopter, NOT THE INVESTOR as it is advertised. This mania is not the computer mania of the early 1980's, or the biotech mania of the early 90's. the biggest cap nutz outweigh most Dow stocks and most countries in the world. THIS IS NO SHAKEOUT. THIS IS NO SMARTER BULL. BB