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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (14763)	5/26/1999 9:11:00 AM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

I think it will be selling on strength

To: Susan Saline who wrote (14763)	5/26/1999 9:21:00 AM
From: Dave Shares	Read Replies (2) \| Respond to of 43080

Now is a time to either be a very nimble trader, or a very patient investor. Nimble traders can possibly trade the bounces well, but initiating long positions now, in my opinion, is risky. I suspect a lack of buying enthusiasm until FOMC meets and earnings momentum begins. Maybe some good buying opportunities in another month. I'm just going to be very cautious. The ones who had the cash in October to buy the bottom were the best rewarded. I missed the opportunity then and hope not to miss it next time. Patience is something I dearly lack, and hope I can marshal it now. Important to remember what someone else has said (and I have been saying this to myself quite often lately), there is always another trade around the corner. Some corners may be further away than others. David