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Strategies & Market Trends : Sharck Soup
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To: Merlo who wrote (16096)4/12/2001 1:57:52 PM
From: American Spirit  Read Replies (3) of 37746
 
The major short squeeze I predicted is happening.
4th day in a row and next week should squeeze the last of the shorts dry. Even after that don't expect downward movement. Big rate cuts coming next. GE's robust revenues and Juniper's good news means both the blue chip and the tech sectors are not in such bad shape afterall. Hope some of you went long last week as I suggested. Everyone's going to buy the dips now so shorting techs is a fool's game until we're quite a bit higher. I only wish I had bought more and hadn't sold my CSCO at 17.5. That's what I get for listening to bears at the end of a climactic bear market.
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