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Technology Stocks : PROGRAMMER'S PARADISE (PROG)
PROG 0.146+6.5%Jun 13 5:00 PM EST

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To: Bosco who wrote (2071)1/29/2000 4:07:00 AM
From: Carl R.  Read Replies (1) of 2383
 
Don't ask me, Bosco. I covered my RMBS short and sold my S&P puts because I expect a small rally next week, but I kept my QQQ short, and still have covered calls out on some other long positions. My main forecast was falling long term bond rates, which have happened. Too bad I didn't ever figure out how to play it.

I do tend to agree with Zeev that we won't see a strong recovery until late March. I just expect the market to go up slightly next week, followed by more weakness. I don't see a recession or anything major. I doubt the S&P will fall below 1300 or the dow below 10k. The big mystery is whether the DOT will break. I think the DOT will hold for a few more weeks of sideways action before finally breaking.

Carl
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