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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (34787)	5/19/2000 8:44:00 PM
From: Augustus Gloop	Respond to of 63513

Didn't this guy have a terrible year last year? Hasn't he been a bear for like 3 years? I wonder why he is being viewed as some sort of rocket scientist now? 3 years a bear in a bull market and now he may have hit one. Being 25% correct in the stock business will get you run out of Dodge at most brokerage houses.

To: Jorj X Mckie who wrote (34787)	5/21/2000 9:37:00 AM
From: username	Read Replies (1) \| Respond to of 63513

LOL! Let's celebrate with a cookie! In fact, let's just buy the whole factory! inktomi.com I believe The Fleckmeister would be broke a year ago had he been short from the time he said the market was overvalued. If he didn't margin, he would have had to borrow, and at some point he would have either been out for a gigantic loss, or totally wiped out on a margin call. Don't get me wrong, I like Bill. I just think he would be broke if he had put up his money on his calls. Here's my take on this: I think it's going to take three down jiggles to really shake the market. We have had two. I think we are due for one more, and I think the next one will take the Composite Index to a new low; below 3200. That's when I back up the truck, load the boat, and all the other trite euphamisms. I found Bob Pisani's comments on Friday interesting. He was almost frantic. 'We need to see a direction! We need to see something happen!' That's a really interesting point of view. Looking at it from a purely emotional standpoint, the bears will be convinced the market has turned south if we take out a new low, while the bulls will really be forced to take a hard look at their hopeful attitudes. Large amounts of money will change hands, the longs that panic will sell for a loss at the bottom, and the shorts will short more at the same time. Then we go up. You can't stop the Internet. P.S. There is a very large recruitment ad in my Sunday paper this morning for Cisco. They are on a nationwide geek finding tour. The ad is really interesting, it has a green button and a red button and asks if you are ready or not, then tells you that the train already left the station, and if you ain't ready yet, you lose. LOL! That's the truth.