Don't Drink the Kool-Aid Kids Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Don't Drink the Kool-Aid Kids

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stoctrash who wrote (461)	4/23/2001 11:15:14 AM
From: John Pitera	Read Replies (2) of 1063

Fred, I think we'll see your 55 but we needed to pullback for a few days..... both Poet and I set up a few shorts on Thursday and Friday. The QQQ's have support @ 45, but we might need to fill the GAP at 42.50ish. Look at all these nice percentage statistics Jay S has done for us, we had a big move! Jay Shartsis SOX, NDX 4/23/01 10:20 AM ET By the way, I should mention that the Philadelphia Stock Exchange Semiconductor Index (SOX) rose 53% in nine trading days, even more than the Nasdaq 100 (NDX). This must have been the hottest thing since Rome burned. Needs to cool off. Jay Shartsis MSFT 4/23/01 10:06 AM ET Microsoft (MSFT:Nasdaq) -- This chart is instructive as to the condition of the techs and the market too, I think. This stock rose 39% in 12 trading days, from 51 to 71. Gigantic! The 71 level is a failure just under the 72.25 top seen last November. Big volume and a negative reversal was seen for MSFT on Friday after its earnings and this looks like a good short to me. Jay Shartsis NDX 4/23/01 9:27 AM ET You know that the Nasdaq 100 (NDX) went up 47% (intraday low to high) in the rally. I don't see what more we could expect, whether we are still in a bear or a new bull has been born (I don't think so). I see we are down nicely this morning, suggesting that the option expiration was a good part of the fuel for last week's rally. The short side looks like the place to be now.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next