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To: pater tenebrarum who wrote (26856)10/11/2000 1:24:06 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
Then theres' this from the foreign buyers [sellers soon?]:

European Prices Rise Despite Higher Rates

German, Danish and U.K. Indexes Shoot Up

By John Schmid International Herald Tribune

FRANKFURT - Europe's inflation-watchers were put on guard Tuesday
by a rash of reports showing creeping price increases in the 11-nation euro
zone as well as in the next-door economies of Britain and Denmark.

Markets increasingly believe that an unexpectedly resilient strain of
inflation has infected the European economy, possibly pushing the
European Central Bank in the coming months to tighten credit for the eighth
time since November.

DAK



To: pater tenebrarum who wrote (26856)10/11/2000 1:24:40 PM
From: patron_anejo_por_favor  Read Replies (3) | Respond to of 436258
 
<<it certainly took a lot of dough to bring this move up about...fund cash levels seem not to be big enough to get follow through buying going>>

Heinz...I agree. This isn't the manic melt-up we're used to seeing on the reversal ramps. We may be in a "New Era"...that of the grinding (dare I say it) BEAR market, where rallys are frantic but brief. Let's put it this way, I'm betting on it...I did sell some poots, and will roll to November. Covered my HI short this am for a nice Blue Agave trade, and went short on GDW (Cali real estate lenders will get their turn in the barrel as tech employee options go belly up). I say short all rallys untill we string at least two up days in a row at the very least. I personally wouldn't dream of going long here without multiple follow through days.



To: pater tenebrarum who wrote (26856)10/11/2000 1:54:52 PM
From: chic_hearne  Read Replies (2) | Respond to of 436258
 
heinz, shorting POS may be hazerdous to your health. -ggg-

Tonight AMD and GTW report. I think it's going to become VERY clear to people that Intel has BIG problems, big enough to even effect Dell since they don't use AMD chips. GTW is 50% AMD, so they may be having a very good quarter, they did reiterate a few times.

IF you believe we are at a s-t bottom, this news may be the catalyst for a little rally.

OTOH- if the news is bad, the timing on that POS trade will look brilliant.



To: pater tenebrarum who wrote (26856)10/11/2000 1:59:48 PM
From: NucTrader  Read Replies (1) | Respond to of 436258
 
Probably even bigger than "buying" on credit? "shorting" on credit, at the institutional level.