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Non-Tech : Discount Supermarket Anti-Play Position Trades
QQQ 611.67-1.9%Nov 6 4:00 PM EST

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To: MechanicalMethod who wrote (20)2/5/2002 8:35:55 AM
From: Don Pueblo   of 303
 
That last reply was not adequate.

What I started this thread for was to look at position trades for the week. The only problem with that is that the market didn't oblige by topping out on Monday morning. <G>

I've been axed about long-term buys. I'll do something on that and post it here.

Also I've asked on a daily basis about stocks in general; what I like, etc. My favorite is Rakeh, the Indian-American dood at the corner store. He's a very cool guy, runs his own business, baby boy, the American Dream.

I found out he was in the market on the day the markets opened back up after Sept. 11th - Sept. 17th. He mentioned that he had sold all his stocks that morning at the open. Which means I guess he was not in the market at that point, he was in cash. Flat in the market, less cash. An Enron thing.

I had to keep a straight face, which was the hardest part, because the man didn't understand what was going on. He was kinda freaked, actually. I told him everything would be fine. Then I told him I played around in the stock market and he immediately axed me what stock was good. I told him to buy some JNPR. (I had bought some for ten bucks that morning.)

The next time I remember him mentioning JNPR was right after I sold it for 24. I think it was at 25 that day, and he asked me about it. I told him it went from 10 to 24 and I sold it. He then told me to tell him when it went to ten again.

I am not making this up.

I told him that if it went to ten again, it would not be wise to buy it at that point.

The point is that this poor guy got totally cremated in September, and he is still looking to get back in the market. And, he seems to be able to make "opposite" calls with alarming accuracy.

And at the moment he thinks we are on the brink of WWIII.

So my guess is the COMP goes back to 5000 and he buys everything that day.
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