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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Justa Werkenstiff who wrote (86851)6/26/2002 5:10:57 PM
From: t2  Read Replies (1) of 99280
 
I must have missed all the GNTs to support this glorious forthcoming rally

What are you calling for in the near term.

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FWIW, Here is Cramer's take. He is not convinced by the rally but is it better to take that as a contrarian indicator.

thestreet.com

Safety First: Set Your Strategy for the Open

By James J. Cramer

06/26/2002 03:53 PM EDT

Read More
Click here for the latest from James J. Cramer
Bogus mark-up close. But a great opportunity to figure out how to immunize your portfolio to the next WorldCom (WCOM:Nasdaq - news - commentary - research - analysis). That's right, the next one. Because we are not through yet.

I know it would be terrific to say "that's it, we had the whoosh." But history tells us that wasn't it. It simply wasn't horrible enough.

Plus, we are smack in the middle of the darned mark-up period, where mutual funds are making their quarters come alive with pleasure.

I say, take a little off the table into the strength of tomorrow's opening, just for peace of mind.

Because we know that when the next telecom disaster hits, we want to be able to pick. And to be able to pick we need to be liquid.

Liquidity and safety first. Worry about gains later.
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