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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (39181)	4/19/2001 1:50:47 PM
From: Jerry Olson	Read Replies (2) of 50167

JUST BACK FROM A NICE LONG LUNCH IKE...HERE'S MY MORNING E-MAIL...NQ'S POWERING UP HERE..BUYERS ARE EVERYWHERE...JUST LIKE SELLERS WERE FOR 1 1/2 YEARS..RELENTLESS SELLING, NOW RELENTLESS BUYING...NONE WANTS TO MISS THIS FED INDUCED MOVE..NOT EVEN ME<G>... Good Morning All... what a fabulous day we had huh???..Da FED surpises the street with a major .50 basis point rate cut, and says more on the way..thats great..Heck i've been saying they NEED to cut...and lookie here they did...KUDOS to AG & Co..... whats this all mean???..our economy is in trouble, thats what it means..what with oil and gasoline prices spiking higher, layoffs still not heavily in the pipeline yet, companies pulling back from capex spending...i don't see anything out there that makes me an investor...when we come down and fill all those UNFILLED gaps, test the lows, then i'll be happy to dive in here..until then?...i'll trade exactly like i've been trading...yeah we can hold overnight here both long and short, 1 day only tho...don't get nuts...get smart... as for all those fed rates cuts..6-12 month away from helping us???..thats a long long time from now...let's be cool huh???..just do your thing...we are now very overbought on all indexs and all stock charts...watch the VIX it's on a sell signal and will trigger a big correction if it gets to 23/24...the short side could be very profitable... HERE'S THE TOP TRADERS LIST FOR TODAY...UNCHANGED SO FAR... 1...IBM---BOOM!---BREAKS 102 AND HITS 110...I TOLD YA SO<G>...107 1/2 THE BUY TRIG...105 THE SS.. 2...XLNX---BOOM! BROKE ALL HEAVY R, AND THE BRL LINE TOO..NEXT TARGET 58/59...47 1/2 THE BUY TRIG...44 3/4 THE SS.. 3...PMCS---LOOKS LIKE IT HIT R AT 34...34 1/2 THE BUY TRIG...32 THE SS 4...MUSE---NEAR R RIGHT HERE...AT 53...51 1/2 THE BUY TRIG...49 THE SS... 5...BRCM---HIT HEAVY R AGAIN AT 38/39...35 1/2 THE BUY TRIG...32 3/4 THE SS... 6...EBAY---SUPER DUPER BREAKOUT HERE VERY NICE CHART PATTERN TOO...46 3/4 THE BUY TRIG...44 1/2 THE SS.. 7...MERQ---WAY OVERBOUGHT...THIS STOCK WILL CORRECT 30-50%...61 1/4 THE BUY TRIGGER...57 3/4 THE SS... 8...JNPR---HIT HEAVY R AT 66 ON A BALLISTIC POP...58 3/4 THE BUY....56 1/2 THE SS.. 9...EMLX---AT HEAVY R 27/28...25 1/2 THE BUY...23 1/4 THE SS.. 10...CIEN---OVERBOUGHT HERE BIG TIME...59 1/2 THE BUY TRIG...56 3/4 THE SS... SEE YOU ALL IN THE ROOM BEST ALWAYS JER Jerry Olson Master Class Trader... buyitbuyitsellitsellit.com

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