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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: $Mogul who wrote (96394)4/13/2000 5:15:00 PM
From: KevinMark  Read Replies (1) of 108040
 
I'm 100% cash Brandon, just got caught on the wrong side of a trade. I never expected to see the Nas drop 150 pts and PMCS drop 20 pts with it after already being down around the 3800 level in less than 30 min. I kept adding expecting a bounce that never came. But, I should know by now, when CNBC continues to pump the negative vive and INCA continues to allow shorts out of there positions with relative ease without upticking the ask on small buys, we will never see a rally. I was short on Monday and just shaking my head right now, why I got shaken out. I could not justify shorting today for any length of time when the market is already down this far. It's easy to be in a short position from last week to this past Monday and say the things that people are saying here. It's another to short today and hold it through tomorrow or Monday. I can tell there are many shorts here on several issues right now including yourself. I have no problem with that, I'm just so sick of hearing all these farking idiots on TV that think they know what's going on, in terms of reaching a bottom. I turned CNBC off this pm to listen to music and then noticed the Nas tank. CNBC causes this pm sell-off every day by checking in with Tom Costello, who continues to doubt whether we can hold or not, and then on to the NYSE floor where Blach mentions the same dam% thing. Today was the worst day of my trading career. I'm normally kick ass on down days. Today my ass got kicked.

KM
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