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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (44595)	11/17/1999 8:48:00 AM
From: wanmore	Read Replies (1) \| Respond to of 94695

You dad was right. That is why a nice tight stop is in order, now that all the fuss about interest rates is over. I don't want to be short here.....I don't want to be long here either, but when it's moving up you need to be long to make money. The S&P and the DOW could become double tops here, but that's not the highest probability. The NASDAQ could be preforming the 'ol "blow off " top, but that's not the highest probability. Go with the highest probability and be ready to correct yourself fast if you find out you're wrong. I expect that we will take a bit of a break for a couple days since the news is now out. It is just going to be some time to collect a few more bears to steam this market higher, IMHO. I expect to be stopped out of a few positions. I will take these funds and put them right back in something that is still outperforming. With a stop right under the last significant low (I try to find something where my max loss will be under 5% - 10% since my targets are usually 25% - 35% gains)

To: William H Huebl who wrote (44595)	11/17/1999 3:24:00 PM
From: av8r	Read Replies (1) \| Respond to of 94695

William H. If movie Y2K, airing Sunday night, gets Joe six-pack to pull money out of bank and perhaps some investments out of market; where do you think best leverage for puts would occur if market drops at all? Thanks

To: William H Huebl who wrote (44595)	11/17/1999 6:30:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 94695

Bill Parish has a diatribe against Microsoft book keeping. If what he says is true, it could trigger a massive correction. But it looks like Microsoft is fully exploiting legal loopholes to increase their earnings statements. Check it out at billparish.com Summary paragraph: "The fundamental problem is that Microsoft is incurring massive losses and only by accounting illusions are they able to show a profit. Specifically, Microsoft is granting excessive amounts of stock options that are allowing the company to understate its costs. You might ask yourself, what would happen to Microsoft's stock price if the public suddenly realized that they lost $10 billion in 1999 rather than earning the reported $7.8 billion? If 80 percent of its stock value or roughly $400 billion is the result of a pyramid scheme, one might also ask what kind of effect this could have on the retirement system. It is also important to note that this is a relatively new situation that did not occur before 1995. "