Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: XBrit who wrote (4253)	7/18/2001 7:33:52 PM
From: Steve Fancy	Read Replies (1) of 6873

Julius, I tend to think more short term...I think I can represent the normal Joe quite well some times:~) I would think we hit lows sooner than later as I don't see many reasons for anyone to buy right now. I think there was a lot of hope for more optimistic forward guidance and generally seems we just aren't hearing it...yet anyway. If the semi-equip B2B later this week is more upbeat that may help hold things together, but if still stagnant, or worse yet, down, I just don't see what will prompt already very skittish folks to do anything but sell...been there done that, right? Greenspan reinforced the gloom today with his bleak sounding commentary/interview. I thought the question from some lawmakers like "lowering interest rates didn't work in Japan" are going to scare the living daylights out of many who have already seen their 401K's and investment accounts halved, quartered, or for some of those unfortunate folks who were heavy in internets or telecoms, practically wiped out. From their (my:~) standpoint, why ride this market down again. I think we may see a "BIG" down day tomorrow. Then you've got the foreign markets, many of which are coming unglued...I wonder if the real recession has yet to hit many of these countries. Without "some" kind of good news, what hold these markets up...hope? I bet many are done hoping and think this may be what creates a huge final capitulation over the next 30-45 days. I would think by fall expectations will be so low that earnings won't much matter. We'll want to hear those forward projections again, and if no better news by then seems we should set new lows. Still plenty of fat to trim out there. Just the thinking from a small Joe FWIW. Best regards, Steve

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