To: Peter Blackburn who wrote (856 ) 5/25/1999 9:48:00 PM From: stockman_scott Read Replies (1) | Respond to of 2908
Intersting Comments on the Market from ZD Interactive Investor.... <<".....About every six months, some "expert" gets on CNBC and predicts a 20 percent pullback in the market. And about every six months, that same guy comes on and predicts another pullback. Nine years and counting and we're still in the midst of an incredible bull run. Moreover, what can these investors do with all the money they've made in the past nine years? Buy T-bills? This market, allowing for natural ups and downs, might never see a true bear market again. When the New York Times claims the bear market has arrived, as it did this week, and Ralph Acampora, a Prudential Securities analyst famous for missing the mark on his bearish calls, tells the world to sell Internet stocks, it's time to start buying. But what's a market without worry. In a couple months, we'll be reading and writing stories about how dangerous these high-flying Internet stocks have become after they go on another torrid run. Do you want to be reading about these tremendous run-ups as you're holding the stocks or do you want to be worrying about finally getting in on some of these future bellwethers? >> Source: ZDII ---------------------------------------------------------------------- Peter: I don't plan to sell online IRA shares and then try to time the re-purchase of shares. The only thing I will be doing is considering additional shares tomorrow. IMO, the sell-off could end quite quickly -- it's just tough to tell when. This stock swings a lot in a trading day and we could bounce back up into the 20s faster than some folks realize. Best Regards, Scott