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

To: stan s. who wrote (12488)	9/1/2000 11:02:22 AM
From: Mike E.	Read Replies (1) \| Respond to of 49816

Protective stops set on my positions, now I'm off to run errands. Good luck all and I'll be back in an hour or two to see how things are going. Mike

To: stan s. who wrote (12488)	9/1/2000 11:19:10 AM
From: JLS	Read Replies (2) \| Respond to of 49816

Yes as a short. I am planning on a down week next week when the MM's come back. I have the same outlook as Kevin, Rande, and others. As Rande said yesterday, what would you do if you were an MM returning from vacation and saw these prices? Also the technicals are similar to last December which had an extended run of "holidility." Then Jan 1 the rug was pulled out from everyone, 3-4 days of strong selling forcing margin calls. I don't want to see a downturn that is so brutal that it reverses the uptrend that is in place, but I think these last two weeks are exactly the kind of move that lures complacent retail investors back into the market only to have the rug pulled out from under them. It really is in a lot of ways, us (retail) against them (the houses) and they play us all the time. Think like a criminal. Okay, I'll stop ranting. I've got stops on everything like Mike, so if I'm wrong, I'm alright. Julie