Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (76169)	3/7/2001 12:04:37 AM
From: Perspective	Read Replies (1) of 436258

OK, so maybe this is obvious, but if you hadn't noticed - this entire rally was driven by US! The successful bears. This was clearly short covering. It has a very particular signature on the charts, and when it wraps up (as it did around 10:30AM today), the prices bleed steadily. It's a case of short the rumor, buy the news (on XLNX anyway). The funds have no more money to play games with (net outflows $13B last month) and the retail investor is gradually becoming neutralized. I don't think the sheep had a whole lot to do with this one. This was short covering, plain and simple. And there's nothing I love to short MORE than a short-covering rally. BC

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