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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: OZ who wrote (9136)	6/24/2000 2:47:00 AM
From: Jon Tara	Respond to of 18137

Well, Oz, THIS should be interesting to watch. Today an analyst opted that no short would dare touch RMBS now. I guess we should all buy with wild abandon, as there is no way it can now go anywhere but up. Hmmmm... that said, it would have made one hell of a nice short for a day-trade this morning, eh? :) Of course, if it DOES go down at any point, it will most certainly be the work of evil MMs, since no short would dare touch it. (What I really can't wait for are the "me-to" companys, which of course will go right on down through the BBs and pink sheets. How many dozens of new public companies will now pop-up with a business model of patenting a faulty product, and then suing other companies with successful producs for infringement?) God, I hope I have the presence to short this one at the top, which I trust will be far north of here. Did anybody NOT know that QCOM was ripe to short at 800? But how many of us did it? :(

To: OZ who wrote (9136)	6/24/2000 8:52:00 AM
From: gaj	Respond to of 18137

(profit taking, bb cards). ha ha. i was just telling my wife a slight manipulation on this...she asked "how come, whenever the market (ie. naz) goes down, it's "profit taking"? couldn't it also be people bought too high, and just want to get out with smaller losses?" i said that if those damn shorts and profit takers would go away, we'd all be mutli billionaires in days. i used to deal in baseball cards for years, and the parallels with parts of the stock market are uncanny - just cards move in a much slower time frame. the rookie card of the guy who hasn't played higher than A ball, in a limited set, is kinda like the (internet / biotech / etc.) startup that has no money, and a small float... the only bad thing is you can't short baseball cards; you could make a killing, as the value of almost everything (as a whole) declines during the next 2 years after release. it wasn't always that way, but it has been since the early 90s. you can almost pinpoint the time to a couple years after the crash, when all the amateur stock holders who got blown out in 87 moved to hoarding cards that were produced in the gadzillions... - bob gaj