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Strategies & Market Trends : Making Money is Main Objective

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To: Petrol who wrote (23)	12/25/2000 10:34:57 PM
From: Softechie	of 2155

I would like to share this advice I gave: John Doe, One advice is don't get sucked in by last Friday's rally. If you you're not sure then don't risk your money to daytraders unless you want to play games with them. This market needs to stablized and less volatile for the money coming back. Not everyone is daytrader and they won't bite until they get a decent outlook from economy and sentiment and most important...catalysts. AG is doing exactly what he's supposed to do. Preventing a speculation market and ending up in a crash like 1929 where goverment and the Fed didn't step in to prevent. They're talking about rates cut in January and this has already built into the price. We still have 2 more rates increases to go through yet in the pipe. More earnings warnings to come and more bearish sentiment to come I can assure you that. Corporates are showing vulnerable on debts in soft economy. Defaulting loans from big telecoms and CLEC's ain't good. Slowing economy will put a lot of stress on these corporations and only companies with good management will ride through the storms. Other chartists will want to see the Nasdaq double bottom before they feel better or some sort of capitulation in the markets with great volume for 3 straight days. Yes I still have bearish sentiment for this market and will sell on rallies for all highfliers like net equips, B2B, and genomics. Financials may be next. It wasn't luck for me to do this good in shorting highfliers. I saw that telecoms weren't do so well but their counterparts net equips just dancing on the streets. How could this be? Telecoms are the important vendors for these net equips! So this is a no-brainer shorting. However they're one hell of volatile stocks to play and you must have guts to ride them out. I did and took profits. So what's next for them. More downtrend to come until you see telecoms are coming back or some sort of M&A in 2001. But with M&A there will be less competition and less capital spending. Here's another advice for 2001 outlook. Barron's has a good article and I posted on my thread Message 15076617 Look at the result of January for S&P500 to determine the rest of the year. This is if you're a long-term investor. If you like to make money fast and a lot of people are like at then go daytrading and follow the news closely. At this point I would say wait-and-see. Good luck.

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