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To: szabel who wrote (10347)5/21/2000 3:29:00 PM
From: t2  Respond to of 24042
 
szabel, I hope you realize when to pull out of short positions. I get the sense that the bull market has done a lot of damage to your porfolio (in lost opportunities). I have just concluded this from reading a couple of your posts. Now you appear to be taking this opportunity to say, "i told you so". It probably cost you too much over the years to celebrate being right in the last little while. If that is not the case, then the bull market was your friend but I don't think is your situation (based upon your your revenge against the bull market commentary).

Remember something. The money is still in the market. In addition, you have to borrow stock to short--ie someone has to own it. There is no sign of money inflows stopping (measured over a snapshot of several weeks at a time and not the weekly numbers). Late summer to early fall is the start of bigger inflows into the market.
Putting those factors together, you should be careful about getting too confident.
This is a temporary short term downtrend that may last a few months, weeks or even a few days. When it ends, it will do so very abruptly. That could wipe out gains that you have made shorting very quickly.

You seem like a perrenial bear since Dow 1000 that now got the opportunity to finally be right.....but it ain't over yet--so don't celebrate too much.
I guess you deserve your day in the sun as you have waited a long long time. <g>