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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (12419)	8/31/2000 8:23:01 PM
From: DebtBomb	Read Replies (1) \| Respond to of 49816

I wouldn't be surprised to see another big rally day tomorrow, before the holiday. After that, who knows.

To: Frederick Langford who wrote (12419)	9/1/2000 2:09:32 AM
From: KevinMark	Read Replies (2) \| Respond to of 49816

Fred, I gladly respect your opinion. But, don't you think it's odd that the same people who left the likes of AMZN and the whole B2B sector for dead, are now saying they're a tremendous buying opportunity? I watched several issues today with tremendous selling on the bid, only to see mm's uptick the bid after a 100 share buy. I don't think anyone in their right mind would be buying 400k blocks of anything with the Market already @ 4200. Check out EXDS and you will see tremendous blocks after the bell. I watched and shorted MANU today, only to see the mm's run it up on 100 share buys. I covered and then took a nap during lunch only to wake up and miss them driving it up to 93 before letting it slide to 81 in A/H. I may be wrong, but I recall back in April, I said the same thing on that infamous Friday before the 1000 pt sell off the next week, that MLCO was dumping heavy into the 140 pt rally that occurred that day. Monday, they opened the market higher and then you know the rest.http://www.siliconinvestor.com/readmsg.aspx?msgid=13375588 It will be hard for this market to continue to appreciate when investors still have that April sell-off etched in their brains, me included. All it's going to take is one high flyer to warn and booyowwwww, it's over. Look what the market did after that bogus PR on EMLX, the whole market took a nose dive. Don't be fooled. There will be heavy resistance @ 4275. Just when retail investors get sucked in again, they will pull the rug out from underneath everyone, like they did back in April. It's a game of purging inventory. Upgrade this and that while there beaten down, only to see the institutions dump on the upgrades. I saw that today, I could be wrong, but IMO, there is to much exuberance again. I suspect that will change on the 1st warning, which will come soon in September. Look @ ARBA today, it spent most of the day in the red, as did the whole B2B sector, after numerous upgrades this past week. Then they ran it up at the close. I ask myself on a daily basis is it prudent to go long or short based on the current conditions. Finally I come to the conclusion, is it really safe to go long at this point? IMO, I don't think it is right now after the COMPX has rallied 13% in one month. Therefore, I'm playing a few longs with caution and selling short with caution too, but I feel more prudence should be exercised going long than short at this point. You best believe they will drop the bids on 100 share buys when the big boys come back and need to load up, before earnings. Sometimes I'm a little premature, but I cannot simply ignore what my eyes saw today. Several stocks ran up on no volume. Take LXNT as example. How can it run up 45%, before retracing on 1.5 times it's normal volume? I saw that all day today, by next week it will be the exact opposite. At least that's my opinion, and how I will trade the market. I'm looking to short any and every high flyer by late tomorrow or early next week. Don't be fooled. A slowing economy doesn't warrant new 52 week highs for everything in site. I already saw some sentiment change in the views of a few analyst today, who mentioned it will take some awfully big news as a catalyst to warrant more upside, given the current run-up. Good luck to all and thanks for your opinion as always. KM