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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: marginmike who wrote (35455)5/24/2000 10:15:00 PM
From: robnhood  Read Replies (1) | Respond to of 42523
 
Perhaps you're right ... Maybe it's my positions talking.I do see signs of BS though, on the stocks that I am familiar with. EG; Brokers pumping the not so darlings near the end of the day, that I know are long much higher.



To: marginmike who wrote (35455)5/24/2000 10:23:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 42523
 
<<2 billion shares is no BS ralley. I think the clowns will beat the bears for a whille here. Its a long ti e till Oct and
CRASH.>>

Seems unlikely that we'd start a 5 month rally on a 2:3 adv/decline day with put/calls @ .42 on the equities (not to mention the FOMC's visage darkening the Bubble's doorstep like RealMan on Viagra!) Still, in this mania I suppose anything is possible. I think we get a rally of sorts tomorrow that fades on Friday and Tuesday we slide again. Without a net.



To: marginmike who wrote (35455)5/24/2000 10:37:00 PM
From: AllansAlias  Read Replies (2) | Respond to of 42523
 
2 billion shares is no BS ralley. I think the clowns will beat the bears for a whille here. Its a long time till Oct and CRASH.

mm, I am on record at the time of today's breakout to go long and I am further on record that this will have follow-through. However, it is a bullshit bottom that will not follow-through to Tuesday. The internals stank and even bulls have to know that.

I'll ride it and look to buy more puts when at the top. China will not make inflation go away, interest rates go down, improve the trade deficit, shave the top off the commodities breakout, and, well, you get the idea.

I hope it rockets to the top of the current flag and that I am considered insane for being short at the next top. Let me know when we stop making lower highs and lower lows :-)

Cheers --Allan