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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (93918)4/13/2001 5:16:05 PM
From: KeepItSimple  Read Replies (4) of 436258
 
Well, I'd just like to say that my April MSFT calls have appreciated over 400% in value from the day I made my ultra-bullish call last week.

I was banned for being too bullish, even though everyone knows I am a longtime bear.

bill mehan is smart enough to see that the tide has turned in psychology. wall street firms are running full page ads nationally in newspapers telling people that the bottom is in. CNBC mentions the word "bottom" every 90 seconds, on average, according to a san jose mercury news article.

People have a negative savings rate and thus their only possible hope for salvation against poverty in their retirement years is through gambling at the Naz casino.

Too many newbie shorts piled in over the last couple of weeks hoping to ride the market down.

Wall Street firms realize if they don't do something to turn the psychology then they'll have ZERO successful IPOs for as long as the eye can see. They have every incentive in the world to pump this market back up.

Everyone knows the stock market IS the economy, and as such Greenspan will do everything possible to re-inflate.

And finally, after a 70% decline in the nasdaq, it is perfectly clear that people are too shell-shocked to sell. They will ride these POS's down to zero before they admit their own stupidity and sell at a loss.

So my advice is to find the trashiest tech stocks you can find, optical is my favorite, and BUY BUY BUY! Buy 20 point out of the money calls with 5 days left until expiry. You've got a damned good chance of being strongly in the money.

The faster a stock has fallen, the FASTER it will rise because shorts are panicking and the longs are doubling down. Just look at CIEN if you don't believe me.

If you're short, you're dead. Bad earnings and warnings are now being bought. The psychology has changed. My cabbie is now giving stock tips again.

Go long or be destroyed. It's as simple as that.
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