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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (9127)10/7/1999 8:22:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
** Market Comment ** The NASDAQ buyers wanted to test that QQQ prior high and broke it intraday with a series of tests on high volume of 1.2B shares. No dice on a record at the close. But she wants to go higher and all she is looking for is an excuse. She wants good numbers, baby. Spin that wheel. She wants July all over again - pump them up and let the air out of them in a sucker distribution. Who in their right minds would be buying QQQ at this price in this environment other than a gunslinger?

Love that large cap semi equip volatility. Earthquake has made for a nice trading environment. Gee, is this a good thing or a bad thing? The fat cats can't make up their mind. They pile into the stocks one day and bail the following day. What a nice day to be short ... ka-ching.