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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	10/5/2001 2:19:31 AM
From: 4rthofjuly007	Read Replies (1) of 436258

military action rally Now before I get labeled a clown, I'd like to thank everyone on the CFZ for giving me a clearer picture of how markets work. I'll take credit for bailing on my longs in December of '99, but this board has helped me do very well on the short side since compx 3K. Anyway, I bought calls a couple of days after the attacks and they are well under water at this point. Just pains me to no end that I sold my puts at compx 1700 after playing the short side well over the summer but hey, not making money seems like a petty complaint all things considered. Fortunately, I waited patiently and actually caught the Sept. low for on a pretty nice trade on GE, RATL, ORCL and BEAS. I sold these positions today but I'm still holding my hurtin' calls and am deliberating on what to do next. We had a decent channel to trade in this summer and I'm not ready to go big short yet. Totally different ball game. I'm planning on trading only on extremes. I think that it is possible that this rally continues especially if military action is taken SOON and there is measurable success. I think we could see a huge rally if major components of the terrorist organizations are neutralized. Obviously, life must go on. People seem determined and primed for this new obstacle and with alot of investors still expecting a recovery next year (I'm not one of them) I think that there is sufficient liquidity to drive this market to well overbought if the current crisis is perceived as being dealt with successfully and we continue to see guidance confirmations. I know it's a joke but you cant fight the tape. Of course this will be the time to go short because there will be a dash for the exits when/if the expected recovery does not materialize.

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