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Date Posted: 06:47:38 01/07/00 Fri
Author: Patty
Subject: Re: Patty,have you seen the carnage in after hours?
In reply to: warren 's message, "Patty,have you seen the carnage in after hours?" on 18:12:43 01/06/00 Thu

> > Better to take a small loss than try to wait it out.
> > It's tax time, so I've been getting all my trades in
> > order and I noticed how when I first started
> > daytrading I was much more cautious, taking small
> > losses to avoid big ones. I have to get back to some
> > of those habits. There is money to be made right now,
> > but I think only in daytrading if you have good
> tools.
> > Now that LU has said they will miss earnings and
> > revenues are FLAT!! I think we are going to get
> > whacked again tommorrow. I've noticed that there
> isn't
> > much support. The market seems to be saying ''You're
> > on your on pals. You took the market up to these
> > levels, you deal with it.'' Yikes!! This may not be a
> > fun earnings season.
>
> All the investors who jumped into the big cap tech
> stocks at the beginning of the year are getting
> crushed.A friend
> from Ca has been calling me the last 3 days asking
> when he
> should buy.I keep telling him to call me tomorrow.My
> brother and a friend of the family bought QCOM and JDSU
> on my recommendation on Monday.At the moment I feel
> like
> crap,but I know both stocks will recover and profit for
> many years to come.
>
> Good luck tomorrow.
Warren, I've had people call me too and ask when they should buy. I've been telling everyone all week that the selling isn't over. Even if we bounce today, which technically we should, I don't think it's over. When the money comes out of cyclicals again, then it might be time. But last night in after hours!!!! That was certainly time!! Some of the stocks were so low!!

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