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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (31257)	10/24/1999 6:43:00 PM
From: Matthew L. Jones	Respond to of 99985

ROTFLMAO! Well said. Matt

To: SOROS who wrote (31257)	10/24/1999 8:04:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

I agree with your general assessment of perma-bears, there are plenty of those around... I've been bullish for the past 12 years and, yes, made a fortune (several of them).... I happen to play both sides of these markets using the futures instruments as my trading vehicle..... right now, I see these equity markets as an ideal shorting opportunity and it may also be wise for those who have heavy long positions to short some futures to protect themselves against any likely continued correction into new lows for the time being.....BWDIK My Best Regards. GZ

To: SOROS who wrote (31257)	10/24/1999 8:13:00 PM
From: HairBall	Respond to of 99985

SOROS: Well, I agree with your post regarding perma bears. I am not sure why you decided to post it on MDA, but I suspect I know! Some that post on this thread or perma bears. Some that post on this thread are perma bulls. Many that post on this thread are just timing the markets. Now pay very close attention to the following: Just as it was unwise to be a perma bear during much of this bull market, it would be equally unwise to be a perma bull, at this time! Well Matt, does this post get your funny bone going? Regards, LG

To: SOROS who wrote (31257)	10/24/1999 8:24:00 PM
From: Eric Wells	Read Replies (2) \| Respond to of 99985

SOROS: your argument appears to be as follows: since being a bear has been wrong for the past 10 years, it would be wrong to be a bear now. If this is indeed your argument, I can't say I accept the logic. I would have classified myself as a "bull" up until April of this year (I've been investing for 10 years) - at that time, I started cutting back on my long positions. In July, I sold my last long position and started shorting various stocks - I suppose that point marked my transition to bear status. Since July, I've done only short-term trades, some long, some short. There are obviously others who have also just recently become bears if bearish sentiment indicators are to be trusted. I'm curious if there are aspects of the current market and economic conditions which you are relying on in maintaining your bullish stance - other than the 10-year bullish argument that you presented in your post. Thanks, -Eric Wells

To: SOROS who wrote (31257)	10/24/1999 9:29:00 PM
From: Daniel Joo	Read Replies (1) \| Respond to of 99985

"ps take your $100,000 and buy $75,000 worth of GMST, QCOM, MCOM, AWRE, VERT, VSTR, AOL, ATHM, QWST, AMT, GBLX, etc. and spend the other $25,000 on some therapy -- you'll feel better" Funny. I've made most of my money on the long side for the past year including QCOM, SNDK, TLAB, etc. except for 2 instances: 1) when I went short/put on I-NETS in April which I closed in June (made both entry and exit positions public on MDA) and I believe that the perma bulls came out of the woodwork taking potshots then as well. 2) and just recently went short/put on the high-flying technology stocks - and still taking cheap shots from perma bulls <g>. I've been pretty evenly invested on both the long and short side all summer and have only recently turned bearish on the market. I haven't liked the fundamentals in the markets since the 2nd quarter of this year. I never liked Y2K stocks and actually got into a little scrape with someone when I argued that Y2K would not be doom and gloom scenario that people claimed. I argued against investing in Y2K stocks because of the obvious revenue loss after Y2K. I am very familiar with Computer Horizons as they were looking to buy my company and pulled out due to the drop in their stock price. My argument was that tech companies will not meet expectations for earnings this coming quarter and next due to technology spending slowdowns/lockdowns. Corporations will wait to spend more money on technology solutions until they are sure that all their systems have made it past 1/1/00. I think that IBM's concerns are real. I've talked to all my clients and for the most part, they are holding off on technology spending until after the first of the year. Typically, it takes another couple of months before they start to spend again. That does not bode well for most of the high-flying technology stocks. I think that I will make more money shorting the stocks you mentioned in the next 6 months than being long. Good Luck. Dan