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To: Glenn D. Rudolph who wrote (74148)8/16/1999 8:41:00 PM
From: KeepItSimple  Read Replies (3) | Respond to of 164684
 
(not directed at glenn, but rather everyone)

Anyone shorting today is crazy. Tomorrows econ number is going to be in line with expectations, and CNBC will have guest after guest saying "it's time to rally"

Have you noticed that EVERY SINGLE guest in the last 3 days has said that we have reached the bottom and there is nowhere to go but up? The shameless pimps, who have been in hiding for the last 3 months, are all back, WITHOUT EXCEPTION. Every single one of them is back.

They want to restart the mania, because they've bought back in already. There is nothing more that needs to be known. You dont need to know about earnings, losses, or any of that "fundamental garbage." All you need to know is that these pieces of paper are going to increase in price 5% a day at a minimum until the cycle breaks again.

Anyone short right now is a massochist asking to lose money, or is unaware of the power of CNBC and analysts.

How do you expect to fight against the hordes of daytraders, grandmothers with ETRADE accounts, and every brokerage in this country? You can't.

I even heard analyst pimps on CNBC today saying "even if the number is horrible tomorrow, we still feel this is a bottom, and that the number should be ignored."

Of course, if the number is good, they will come on and say "We feel you can't ignore this number, it shows inflation is nowhere to be found. This number is VERY important."

The market is insane, but it is going up. No way to stop it right now. None whatsoever. Just buy common shares, or buy calls. Sell puts if you need the cash..

Just DO NOT GO SHORT.