John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Logain Ablar who wrote (4715)	9/27/2001 12:55:13 PM
From: John Pitera	Read Replies (1) of 33421

HI Tim, I'll look around for the Covisant article. It sems that Don Hays has been fairly long during a rough patch the past 2-3 months. Hedge Fund Guys like Doug Kass who had been bearish and shorting the past 3 years, had gotten pretty bullish in the spring and summer and I think that's been hurting them, as we've really slipped lower. Not to worry about CORV, l left it alone. I knew a number of people who were long it, and I've found that when this has happened this year, the stock or QQQ's have gone down. I've not encountered much of everyone loving a stock or the QQQ's etc on the downside. We used to see a whole group of people happy to short YHOO or BRCM on the way up in 1999 or 2000. It seems much more difficult to find a number of people saying "Short that baby, it's going lower now" My biggest problem is reading Heinz. He's too knowledgable and experienced (why I try to keep up with his posts) and if it plays out as he thinks we have a ways to go. I don't rule this out. Worrisome indeed. The StocTrasher is boldly calling for 500/500/500 as well (Price of SPX, NASD. GOLD) that could be right over the next few years. I would think we would have at least a large A-B-C rally on the NASD starting in the next few weeks, and that should take several months to rally upward. The stock market never bottoms in Sept, and it's good to see that it's been well behaved enough to Play by the Rules John

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