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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Land Shark who wrote (54745)4/19/2000 9:01:00 AM
From: Dale Baker  Respond to of 122087
 
Good timing. I covered a bunch of shorts Monday and Tuesday too. But I also flipped the UOPIX I bought at Friday's close for a quick fat scalp. My guess is some sideways trading here for a while.

Needles and pins? Nope, just making an observation based on some evidence after we ended up with dueling assumptions the other day. If the funds had faced a flood of redemptions they would not have been buying the past two days. Even the volatile fund that I co-manage had almost no redemptions at all; I figured we would lose 10-20% of our investors due to panic. Didn't happen.

FWIW, I still have 13 small short positions open, all with stops. And the best of the bargain hunting is over on the long side.

Good luck today.