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To: y2kate who wrote (26161)10/10/2000 2:04:48 AM
From: chic_hearne  Read Replies (2) | Respond to of 436258
 
If you don't mind my asking, which stocks would you be looking at now, short or long?

Sorry girl, I'm flirting with the holy grail and can't give that info out. -ggg-

I haven't seen much discussion here of the possibility that this anticipated Sept/Oct. weakness may be setting us up for a strong 4th quarter as per historical patterns, particularly during an election year.

I'll tell you this. You may be right. I'm not ruling this out. Like Allan said, you can predict 5 minutes in front of you and the long term trends. Anything in the middle is basically a worthless prediction. In the long term, we're going down, HARD. Does this mean we don't print Naz 6000 first? I don't know, no one does, do they? In the short term, I can't even give a best guess until about 9:25 tomorrow morning.

That said, I'll say I bought calls in companies I think might have a chance of going up, I bought poots in companies I think are due for tough love, and I bought poots and calls on companies that I think are due for a violent move one way or the other. I also own a good chunk of gold and silver stocks. This is my only long term position. Even though they haven't moved yet, I'm 10 times better off than owning tech the last month.

IMHO, I feel like I'm hedged for everything except complacency in the markets. I don't think this is possible. From here, we go down, or we go up, this level cannot be sustained.

[of course, this view may change by tomorrow's open]