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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (94132)4/14/2001 1:58:09 PM
From: American Spirit  Read Replies (1) of 436258
 
What does Russell have to say? Stay out? I don't get it. Is he looking backward or forward? I already know there's risk, long or short, so why do I need this codger telling me. But there's a huge difference buying WCOM for instance at 18 compared to 60. He seems to se no difference at all, just historical longterm perspectives which don't help short-term traders a bit. Also he seems to see no difference between sectors and stocks. Some with lots of debt. Some with no debt. Some riding high, some in the toilet. There are plenty of different mini markets inside the big market, and different ways to play each at different price levels, and with the volitiolity we have these days, any stock could be a buy or a sell the same week. Like INTC at 22.5 or 28.5 the same week after major analysts both downgraded and upgraded within 72 hours of each other, working together probably. And what if INTC now goes to 35? That's a 12.5 point move within two weeks. Very tradeable. And if it falls back down that's tradeable too. Russell also doesn't even mention the techs just fell 80-90% in some cases within months, not years but months, and in some cases 50% in one day. He seems to be living in the past or living up in the clouds. Maybe we are in a five-year bear market (possible if the energy boys from Texas rip us off for the next four years) but there will still be plenty of points to go long and short or both along the way. right now I'd stay long until May 15th anyway. But no one knows, just speculating as always.
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