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: Shack who wrote (76554)	3/7/2001 11:30:39 AM
From: Perspective	Read Replies (1) of 436258

<I feel good enough now that I won't cover my NVLS short and will add some AMAT.> Great... <s> Now I can be responsible for someone else's demise... I'm just saying that, if you enter a reasonable position without overextending, you'll eventually be rewarded. There is little doubt in my mind that this rally is short-covering, but it could go much, much farther. And every time I start thinking fundamentals, I get hosed. I see five waves down in Naz, so the technician in me wants to cover everything. But, I see SOX up 30% in a couple days on terrible news, and I know it's short-covering and can't last much longer. Whatever you do DON'T overextend! You could get a much better shorting opportunity somewhere in the near future. I just don't know where the money would come from to fuel such a rally. BC

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