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Politics : Idea Of The Day

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To: Riskmgmt who wrote (14327)11/15/1997 2:14:00 PM
From: Cynic 2005  Read Replies (1) of 50167
 
Ray, <<now we really need to hear from Mohan!>>
since you asked me, I think you get a good chance to bail-out of your longs this week. Anticipatory run-up on HWP, AMAT and DELL will creatate an upward bias. But, their conf. calls could be chilly! In December, the earnings warnings will be dire, IMHO! Don't go in to December without unhedged long bets. In the week of Thanksgiving, the down-draft continues. In all, we could see 150 point swings will become normal in the remainder of November and more in December. Every seemingly unimportant news will cause panic selling and panic buying. If it is so, the bear market is confirmed - i.e. within 6 months we will see 20% or more correction.
I don't tink it is over, my friend!
Good luck!
-Mohan
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