To: upanddown who wrote (66429 ) 5/18/2000 9:59:00 AM From: SliderOnTheBlack Read Replies (1) | Respond to of 95453
John Clarke - grab a mouthfull of Crow ROFLMAO ~ short SII CAM BJS ! Yes; John C - If you would like me to link & re-post the 4 times I sold the OSX - You would probably have this quivering feeling to drop to your knees and kiss my feet - because; without sounding like the King of Hubris - I think I nailed 2 of the cycles on the exact days they turned - 2 others within 3-4% and Gee; what just happened today ? Goldman - downgrade of the OSX on valuation.... surprise, surprise..... Simpletonians have become Bubbleonians here.... The OSX's volatility has been a Gift from God for traders. The buy & holders screamed at me everytime I took profits and rotated, or worst yet - dared short the Mo-Mo leaders like yesterday ! But guess what - 10 for 10 on shorting BJS SII CAM - 100% wins on the short side. The tops are much, much easier to call than bottoms here. Here's a hint - 30 point moves get tired... And when the Fed does 6 straight rate hikes - the value of both present and future earnings is reduced - ie: multiples contract. Why I waste my time here I don't know... Well now - I get to go into the taunting mode.... Black Hat goes on again ~ As I said - I "act" - I don't re-act" ... I lead - I don't follow.... I stay ahead of the curve and I allways sell into rallies - rotate to laggards (gee what did Goldman say to do today (VBG?); and I am not afraid of shorting. Nothing like beating the crowd to the party, or out the exits.... Read 'em & weep once again. Yes; Hubris reigns... but, as Yogi said: IT AINT BRAGGIN IF YOU CAN DO IT ... and I just did it again. Goldman downgrades on valuation - says rotate to laggards. Wow - whodathunkit.... Wait to see what happens with the mo-leaders in E&P's here soon... Amazing - the similarities here to the Techies who got crushed by getting greedy and believeing that all trees grow to the sky endlessly... Techies could sell, got greedy, believed the hype and lost it all. Those that did this in the initial rallies in the OSX from the fall of 1998 got whipsawed from OSX 45-75 3 times... the OSX has ALLWAYS traded in volitile legs. Buy & holders, especially those who stayed and added on margin got killed - literally killed. Nothing changed in 1999 to 2000 here. John Q Public (the "Q" reference is to the middle initial - dont read more than that)-got crushed, got sold out by his broker -published his tear laden mea culpa post here.... selling into the final euphoria after a 30 point index move has ALLWAYS BEEN RIGHT ! Rotating to laggards with good fundamentals has allways been right ~ Rotating to subsectors that have disconnected from overall sector fundamentals in either direction - has allways been right ~ How was the first person to point out that earnings in the OSX companies here at 130 is a fraction of where these companies were the last time we were at 130 - that we HAVE to have a pullback ? ...People here get infected with Bubbleonian greed (just like the techies who couldnt sell) and forget history. ... yes, the euphemism is true - you either learn from history, or you are destined to repeat it. Remember Sept 1999 in the euphoria of $3 Nat Gas in the E&P's ? - the bottom fell out in huge profit taking. What the hell do you morons think is about to happen here ? The vaccous sucking sound you will shortly hear is the money being taken of the table to avoid the June OPEC meeting & Fed Meeting risk AND to be poised to rotate to tech - as if the Fed news is positive - the NAZ roars again and where do you think the moneys going ? .... I'm outta here - just wanted to say - read 'em & weep PS - John - didn't you dump & take the summer off ?