VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (37167)	5/22/2001 9:06:31 PM
From: RR	Read Replies (2) of 65232

Hi Tim: I think you've noted some very key points. Thanks. Good factors to consider. 1.) Not changed my view from what I posted last night. Ref below. Not seen anything to make me modify it. Message 15833795 Message 15834282 2.) Good vol today. Didn't go after 2350, though. 3.) Hope we can hold 2250. The longer, the better, to build support at that level. Like I posted the other day, that factor may be more critical long term than simply a quick and drastic run-up to kiss some number, say 2500, only to fall back more drastically below 2250 liked a stretched rubber band let go. After all, we are entering a typically bad time for the market for several months. Some higher support here would be good. 4.) BTW, I'm long nothing. Closed my last leap call positions. 5.) Tomorrow? Looking primarily at adding to put position entered today. However, will remain flexible. My pondering on the hammock tonight reminded me to "preserve capital Rule 1" and not to get stubborn on positions at this time in this market for sure. FWIW..... that's it from here. Good luck with your Penguins! RR

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