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Strategies & Market Trends : Sharck Soup

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To: ALTERN8 who wrote (16097)4/12/2001 2:06:02 PM
From: James C. Mc Gowan   of 37746
 
Excellent Short Squeeze today, going into holiday, not surprising that MM's take the opportunity.

Bought some QQQ puts at 42 when Nas near 1950; maybe some carry over of euphoria Monday, I don't know; but the concept that this rally has any legs strains credibility.
DELL; we'll meet the reduced estimate
AMZN: we're not going bankrupt, hooray!
Semis: upgrade, maybe offloading House inventory before INTC earnings?
Retailers: sales down, but it's all good, today.
JNPR: made numbers, take away from CSCO? forward look, lower and flat for Next Quarter.

Even my blessed MOT rallied today; compelled to short more on rally<ggggg>

Good luck to all traders

James
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