Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (3076)	4/23/2001 11:34:29 PM
From: Mark The Trader	Read Replies (1) of 74559

Its pretty amazing how all those stocks I purchased during March and wrote calls on rallied over 50 % in 3 days and got called on me. Today they were all under the strike price. Orcl called @ 17.5 , Sunw called @ 17.5 , Jdsu called @ 25. I am in the bearish camp and being back to almost 95 % cash I tend to want to be more bearish :_} I still own CSCO but I am not concerned about it because it’s a small position purchased in the low 20’s , was supposed to be a overnight swing trade until GSGO made comments on Japan so it became an investment :-} The pattern will probably repeat itself; market will flop around for a while and sell off when people get worried about earnings in 2 months. They will over do it again, and some silly catalysts will occur to make people think the slide is over and the shorts will cover and stocks will be bid up. Blah Blah Blah . I am still Day Trading on the short side because I just cant press the damm buy button unless its to cover :_} Looking for the market to come down enough for me to use the swing trade account again , o yea I only seem to want to go long in that account. For some reason I am a better short because I am by nature a pessimist.

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