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Pastimes : All Clowns Must Be Destroyed

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To: double-plus-good who wrote (26105)4/14/2000 3:02:00 PM
From: pater tenebrarum  Read Replies (1) of 42523
 
you bet i got gold...i'm reminding everybody constantly that the XAU below 60 is THE buy in this market...

well, my biggest success stories today are ATML, CC, TERN, JPM and last but definitely not least, LEH...

i sold some of my puts on those on general profit taking principles, but kept a half position in each...who knows where they will go. none of them are even near their fair value. the Dow could drop 2000 points today, and valuations would still be totally silly.

the PPT has tried to goose this POS market several times already today....as mentioned previously, if this is the real thing, a wave 3 down, they will stand no chance.

agree on the complacency. the anecdotal evidence from interviews on CNBS is overwhelmingly supporting this. everybody's convinced this will blow over soon enough...
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