Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (1880)	2/10/2001 8:37:33 PM
From: westpacific	Read Replies (2) of 74559

Well spoken Jay, I am amazed at the masses of longs that have not a clue what is truly at work here right now. Game over, return to go - the goose is cooked! They will say they are traders and only play the swing - but at heart they are bulls till the sun no longer shines and has set on the horizon. I have no problem holding sector shorts (non tech) as the risk/reward ratio is very strong. Many shorts I hold are in 'value' stocks that have run 400 to 500% in one year and trade with PEs in the 25 to 70 range. As far as longs - my trading mantra is "SHORT THE TOPS"! It is a suckers game to play 'the rally' any longer. They will not offer much reward and only much pain IMO. We watched massive support while institutions unloaded at every turn last week. What I posted is just the tip of the iceburg, too much material to post on the old SI thread when most never heed it anyhow. Truly yours, a bear till the death yet to come - West

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