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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (45415)5/25/1999 9:55:00 PM
From: scrooge  Read Replies (2) | Respond to of 90042
 
I think that there is some reaction going on here to the ChinaGate thing unsettling people Also there is some thinking that there will be a backing off on trade with China because of the spy situation



To: Tim Luke who wrote (45415)5/25/1999 10:17:00 PM
From: Samuel Wayne Turner  Read Replies (1) | Respond to of 90042
 
I am, at least for the time being, of the same mind set as you. I will hang unless I sense REALLY rough weather ahead. The reports today should have given us a rally(it did I realize for awhile) but it turned ugly again, and I think the market could spook here if anymore bad news appears before the market can settle. We are clearly oversold right now, and barring news, we should bounce at least some of the way back. After the incredible spanking I took today, it will be a much welcomed relief. Good Luck to us all.

P.S. Did you notice how ag hung tough after the momentumn players bailed in the first down draft, it was pretty reassuring on that one.



To: Tim Luke who wrote (45415)5/25/1999 10:26:00 PM
From: Christopher Reed  Respond to of 90042
 
I am only worried about my mwd. I bot on OCT 7, watched it climb to 116 in April then drop back down to 89. Financials are under pressure and will drop on any hint if interest hike. Still up over 100% and have to finance a cruse to Alaska in Aug. (Don't tell the wife LOL)

Cheers.
Chris



To: Tim Luke who wrote (45415)5/25/1999 11:27:00 PM
From: AUrush  Respond to of 90042
 
Tim, couldn't agree with you more on all your points - I went and played 45 holed of golf today, and am not sweating it (though not enjoying it either) but I won't touch an internet stock, and 90% of my holdings are takeover plays that are also undervalued that will regain eventually - I like you am looking to make a change from position to day trading as the year wears on also anticipating fewer to none takeovers and a very very skiddish market - this week is a foretaste of some nasty weeks ahead in 1999 (At some point GREAT buying opportunties)