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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: cellhigh who wrote (2420)	6/14/2000 8:41:00 PM
From: Paul A	Read Replies (1) \| Respond to of 30051

I have no clue what this market is going to do.. When im short? it pushes me to cover.. when long? take the lose.. and 5 minutes after my trade executes, the market moves sharply in my direction :) Im sticking to garbage shorts and momentum/quality on the upside.. Had my stop on MSTR at 48 1/8 and was shocked it never triggered.. now I get the wonderful news that the company once again is making waves by banning the press from their shareholder meeting next week.. THis is what worries me about the markets.. I can understand people putting insane valuations on stocks like CSCO and INTC, or even YHOO or EBAY for that matter.. but when you have a company get nailed for cooking books, and now is in danger of being chapter 11 if they dont get funding.. and people bid the stock up 200% simply because the company is 'looking' for a cash infusion? Someones going to reach into their pocket, pull out 100 mill, and not have any strings attached?!?! CD, SOC, IFMX.. what ever happened to the days where book-cooking was an unforgivable offense on wallstreet? geeeze..