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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.83+1.7%Jan 16 9:30 AM EST
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To: Epinephrine who wrote (15042)10/19/2000 5:23:38 PM
From: kash johalRead Replies (1) of 275872
 
Ephinephrine,

I dont like the way the overall market is trading.

We could just as easily be down 200-300 point tomorrow.

So, i made a huge short term buy.

And was happy to take 10%.

On margin the payoff was 20%.

Not bad trade for me IMHO.

I am not willing to buy and hold yet due to market volatility and overall trend which is still down.

My limted understanding of the bear market is that there are many days of big gains followed by long periods of market drops.

If we rally several days in a row, that might cause me to go long.

best regards,

Kash
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