SI
SI
discoversearch

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 : Pump's daily trading recs, emphasis on short selling

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bbgold who wrote (5580)9/9/2001 11:09:35 PM
From: Michail Shadkin  Read Replies (2) of 6873
 
BBgold - some market thoughts

I think very short term the market is oversold and has a decent change for a small rally (50-100 NAZ points)

That said, I am not playing for a rally too much. I am just about even on my longs and shorts right now and praying for a decent pop to sell longs and short more.

I would be truly shocked if the NAZ doesnt break the April lows by mid October.
I think there is at least a 30% chance of penetrating 1500 on NAZ by year end.

I think with each day it is becoming more apparent that the rate cuts are having minimal effect if any and the market is turning very scared to this realization.

I expect NAZ 1200 sometime in 2002.

I do also expect a small year end rally and a more sizable january effect become the death spiral resumes in february.

Re: BSML
I think its a pos, but it would take a sizable pop for me to reshort them.

Best Wishes
Michail
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext