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Strategies & Market Trends : The Millennium Crash

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To: Cynic 2005 who wrote (1736)	12/4/1997 1:28:00 AM
From: Rarebird	Read Replies (2) of 5676

Hi guys in the bearish den. My time is coming to GROWL with you. It's becoming harder and harder to restrain the BEAR in me. 98 is gonna be some year for us BEARS! At the moment, I have 2 positions, one great short and one long. I have a substantial short position in the ICE CUBE and am taking on the Whole thread while I reap great rewards. I also have a small long position in Intel ( I bought at $76 about a month ago). I expected the market to rally into the new year, and thought Intel would ride the wave. Who knows? It still might. It's pretty clear to me that earnings are going to be a major problem in 98. We spoke about this last summer and the moment of Truth is coming. It will be ugly and I will be completely short soon. The theme of 98: Earnings Deterioration. Where did they go? I still think there may be one last great irrationally exuberant rally. But it has to start this month; for earnings come out in January.

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