Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (67416)	2/13/2001 7:50:44 PM
From: bambs	Read Replies (3) of 436258

I shorted AMAT at $51 when we started selling off from the FOMC meeting. I covered today though. Shorted MSFT at $60 1/2 on the sell off from greenscam getting off the tube. I am looking at some real garbage stuff trying to build shorts to hold for month or two...got a little position in COLT. Started one in RCCC today. Shorted FIBR when CSCO dumped that bomb they called an earnings report. I play a lot of little crap and many scalp intra-day. Like many bears I am building some positions in HM, PAAS, HGMCY etc. That's the only thing I really like for a long term hold on the long side. Short the DIA today at 110. I will hold that for a few days and see what happens. I am looking for the NASDAQ to end the year under 2000. I think the 1000 test on the nas won't come until next year. I think the bottom this year will be some where around 1500 or so. CSCO I look for $20's test this year and most likely hold. Long term I think CSCO is a $6-8 stock in 2010. We will see....INTC $20 this year...MSFT back to $40 ish. I really would like to get short some garbage like LEH, or MMM. Some fat stuff like that. It's tough. I only position trade on the NYSE...fills are so poor. Anyhow...that's about where I am at. I thought we would float between 2500-2900 until end of March...this drop was faster then I thought of the terrible numbers from csco. I actually have been having a really tough time scalping the last few weeks. Well....time to do some reading... www.prudentbear.com Fleck... www.bearforum.com are my regular nightly reads... take care and good night...I will check in tomorrow through out the day and see if we can help each other with some trades. bambs P.S. the dow and s&p will be cut in half over the next 3-5 years. At least half...this will lead to what I like to call GDII. GDII is a term I want to have credit for coining. I thought it up last weekend when I was thinking about how terrible things are going to get ... GDII - The Great Depression II Copyright 2001 - All rights reserved.

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