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Strategies & Market Trends : Sharck Soup

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To: American Spirit who wrote (17418)	4/19/2001 7:44:19 PM
From: GREENLAW4-7	Read Replies (2) of 37746

AS I agree it has been nice to see folks make money on the long side, but I really see 75% short covering as the power that took us from 1600-2200 in like 10 days! I sold my CORV and all my BIO_TECHs yesterday and went short. YES i am under water but no pain no gain!! The chip stocks will take this nasd back below 1950 by next friday!! If you look at the percentage move from the low we are now as we were in January. Once folks like yourself get content that we are in a bull market we will crash faster then we went up!! Be a smart trader and take profits. No harm in shorting stocks like PMCS tomorrow, or AMCC look at the earnings of these companies and where they have gone in 2-3 days!!!!!!!!!!!!!!!!!!! YES, I will be long CORVIS only when we get a pull back but until then I will stay on the short side! Cheers friend

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