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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (11886)6/4/2002 9:39:12 PM
From: Lizzie Tudor  Read Replies (1) of 57684
 
oh ... not THAT thread... <gg>

I meant TTMAR, a whole bunch of daytraders who these days pretty much only short techs. I took their advice and tried to short adbe, which is one of the few sw's standing, but barely got out with .50 gain. Some of them shorted manu at 8, which is way too risky for me but looks like it worked this time. I have a LT position in ciena and the shorts are convinced its going to 3 - which btw would be significantly below cash value... I'm just not convinced shorting here makes sense as far as risk/reward.

I still much prefer manu to itwo but watching i2 collapse the way it did made me redeploy into i2- now I'm out of i2 so manu it is! Hmmm I have a small gain in wcom wonder if it makes sense to move that $$ into manu- something tells me trying to pick the bottomest of the collapsed stocks is not as easy as it looks....
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