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


To: pater tenebrarum who wrote (38900)6/9/2000 6:49:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 42523
 
Heinz:

Don Hays said again this morning that he expects the market to rally further in the weeks ahead. He is talking about NAZ 4100-4200 and POSSIBLE marginal new highs in the Dow and spoos. After that another big smash.

With the market internals looking pretty good and considering Don's excellent record I sold my position in BEARX today at a small profit. I do not see enough upside in the market to go long, but I am staying in cash (aside from my gold position) for the time being. I am looking to buy USPIX -- the most leveraged bear fund around -- if and when the NAZ reaches Don's target.



To: pater tenebrarum who wrote (38900)6/9/2000 10:49:00 PM
From: LLCF  Read Replies (1) | Respond to of 42523
 
<Anindo, i'm not so sure that the rise of the most speculative sector can really be interpreted this way. after all it was the rise and subsequent demise of this sector that spelled the end of the Naz bull run in early March.>

I followed the bio's extensively untill they rocketed out of control [they used to be a 'value play' as little as a year ago]. I would note that it's mostly the bigger plays that are rocking... the small crap, while moving aren't doing nearly what the big guys are.

DAK