Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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Nov 7 3:59 PM EST

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To: johnsto1 who wrote (34956)	9/22/2000 10:23:53 PM
From: Softechie	Read Replies (3) of 56532

Today surprised the hell out of me. They've talked about money sitting on the sidelines and waiting for the chance to buy and they got their wish today. Once investors saw the damages from the first hour they jumped on opportunities and bought defensive stocks like foods and medical/biotechs and telecoms and some techs/internets. So the confident in the market is very much there but it's in different sectors other than techs and internets. Like water in the bathtub it keeps swinging between the Dow and Nasdaq depending who has the better news. What I feel is that investors have confident in the old econ companies to be around while waiting for the breakout on techs and internets. As for short-term, I'm looking for daytrading only and hold long position in telecom issues, short chip equipments and net equipment issues. I still like growth stocks but not gonna pay for high valuation. This sentiment is carried by many other fund managers from what I've read. BTW, if you want to piss off the short-sellers in #2 largest short positions, buy and join me over CNC thread. CNC has extended their loans and the fat lady won't be singing for a while. ps: Bunch of hypsters over Randy's thread just hate my calls...what's with them anyway? Something got a twitching and they jump and holler and pump it up. If you read that thread and think gosh the good times are back...get real people!!! Disclaimer: This post isn't copyrighted so anyone can copy and re-post it in many boards as they like! Enjoy!

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