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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (3372)	10/10/2000 6:47:46 PM
From: Sharck	Respond to of 37746

"...Im staying short and only short. Creepy right now. Don't know who’s going to warn next...." YUP, don't see much surprise though. Any company with little or no earnings is simply maintaining these outrageous mkt caps by momentum. The theory of course is that as long as revenues keep growing exponentially, the management will eventually figure out a way to either cut costs/economies to scale will eventually allow the earnings to play catch up(10 years out), or the smart ones, used these artificially high stock price to accumulate assets (mostly other companies). Institutional selling hasn't only targeted the inets but anyone is susceptible to warnings as this mkt now has comes to terms with the fact that its overvalued. Traders now go into earnings looking for a slip up. The smart ones are either sitting on the sidelines or shorting the rally’s (or earnings), as there is ltd downside here to hold short over earnings as it is generally already built in. Me thinks an worth while risk return in these spooked conditions... OK, doggie walkie time, catch up lata...