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Technology Stocks : Network Appliance

NTAP 119.14

-0.2%

3:59 PM EST

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To: Jacob Snyder who wrote (7990)	4/20/2001 11:30:02 PM
From: Uncle Frank	Read Replies (1) of 10934

Nice post. Mind if I ask a few questions? >> I'm assuming it's still a bear market, and acting accordingly. If I'm wrong, I'll lose money. How sure are you that it is still a bear market? Each time I see numbers it seems less obvious that the economy isn't going to shrug off its woes. And every time I consider the power of 4 rate cuts plus major increases in the money supply, it seems even less obvious. Why are you willing to wager on the bear? >> Margin has to decrease at a faster rate than the indexes, for deleveraging to occur. You seem to attributing all of the margin to leveraged investors, but it also includes short interest which is at a very high level. >> I prefer puts to shorting the stock: there is a pre-determined max loss I can incur. That's also why I chose 2002s, because I can be wrong for months, and still be eventually right. Excellent strategy, but it still requires help from the bear. When this market turns, history says it will stay bullish for much longer than the preceding bear phase. >> This would be especially true for anyone using margin or options. Totally agree. There may be some room for <limited> optimism, but it's hardly a time for leverage. uf

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