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Strategies & Market Trends : Sharck Soup

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To: Softechie who wrote (17763)	4/21/2001 11:09:39 PM
From: American Spirit	Read Replies (1) of 37746

Another point. Shorts have just gotten their asses handed to them, have suffered huge losses. What makes you think they're all kamikazes wanting to go back into the water right away like masochists with death-wishes? With all those bull-sharks out there swirling right now? Instinct says when you're burned you don't touch the stove again right away. You may be mistaking recklessness for courage here. And clearly you ignore good news and the fact that the #1 telco VZ is increasing cap expenditure this year and is unaffacted by the recession. That blind-sightedness alone tells me you don't have both oars in the water. No wonder you're thinking is skewed. Like listening to Rush Limbaugh for objective political news. You and your ilk read The Prudent Bear and search for bad news, when when it's old news (like WFII and every other warning) or hard to find. Hey how about that ETYS? Most investors are much more cautious and pragmatic than you (including me). They go with value, momentum and with trends. And there is absolutely no sign the trend is back down. Friday was a neutral day. My portfolio was unchanged. And I got some nice little poppers at the end of the day with NOVL and SCNT which haven't even begun to move yet. And if there's a sell-off this week expect it to last no more than 1-1.5 days then back up. I for one will be buying that second day. And so will some of the biggest guns in the business. SHort hedge funds are largely out of business for the moment. Those were your protectors. They're nursing their wounds. Who beat them? Greenspan and over-exhuberant shorts. And Greenspan will punish you again in 17 trading sessions we he cuts another .50. Think you can make a lot on the short side between now and then? I'd cover and go to cash the first profit-taking day if I were you. Short again in a month. Live to fight another day.

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