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Pastimes : Home on the range where the buffalo roam
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To: freeus who wrote (8865)1/12/2001 11:49:29 AM
From: Kayaker  Read Replies (1) of 13572
 
Looking to try shorting, a little:

You may well be right to short -- who knows in this market -- but IMHO: It would be a gamble. The easy money has already been made. I understand you're frustration but think you're way too late. Just look at the last couple of days. Warnings and disappointments from Yahoo, Cisco, HWP, GTW. Also, less weakness in the economic numbers this morning than was expected -- and the market appears to be shaking it all off. I think much/most warnings and earnings disappointments are already priced in, plus we are expecting more rate cuts. Looks to me like sentiment has changed. Will it last? Who knows, but to me, shorting now looks just like buying calls in late March when the market started to drop. All IMHO.
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