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Strategies & Market Trends : Sharck Soup

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To: Boolish who wrote (14972)4/5/2001 3:15:27 PM
From: American Spirit   of 37746
 
Not sarcastic at all. Once big-time shorts (hedge funds etc) stay long the little shorts will be easy pickins. Yesterday I heard a conservative hedge fund manager say that they have had all kinds of puts protecting them over the past few months but now (at these prices) see no need for the puts any longer. If he's right then many other big investment groups are going to stay long now as well and as you can see today we have a monster rally which has the feel of the real thing. CSCO at 15 may be a nice move from the other day but it would easily hit 25 without any problem with sustainable ralies and two rate cuts soon. YHOO just got an upgrade. This may be for real.
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