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To: shasta23 who wrote (12470)	3/15/2000 8:48:00 AM
From: drsvelte	Respond to of 14427

In Praise of Crummy Openings By James J. Cramer 3/15/00 7:39 AM ET Click here for the latest from James J. Cramer. If you are bullish, you want a crummy opening. I know that seems counterintuitive, but a rally at the beginning would be a nightmare because it will bring out trading sellers. We don't want that. Better would be a whoosh down at the opening so we clean out the weak hands. In fact, I would sell the opening if it were strong, so I could buy it back -- because a strong opening can't be maintained until all of those who are worried about being sold out by the margin clerk aren't playing. We need stock in solid hands, not margined hands. Or else we will get more of that last-hour action that is so debilitating. Optimum: a selloff at the opening and then a turnaround midday. Worst case: We rally at the opening, and then fail hideously and spiral down the rest of the day. It doesn't have to be worst case if the market rallies at the opening, but I know I will hit the darn thing with both barrels -- I am that confident that an opening rally will falter. Why? Because they always do.