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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (9601)1/10/2002 2:18:14 PM
From: jcky  Read Replies (1) of 23786
 
Hi Jorj,

It's been tough trading the last few days just because the market can't make up its mind on which direction it wants to go right now. On the one hand, this is January and there's just tons of blind money the fund managers want to dump into the market. On the other hand, the Nasdaq has rallied almost 50% since the September lows and is at some pretty tough resistance. Bottom line, I don't believe this rally is sustainable but the market won't crack in January.

In the meantime, I'll just take some profits in VRSN (target $40), hang on to my FEB BRCM pooties and wait for my nekkid pooties to expire next week. I just don't see many compelling trades right now. Ugggghhhh
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