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To: James F. Hopkins who wrote (40794)10/13/2000 6:59:21 PM
From: Monty Lenard  Read Replies (2) | Respond to of 77398
 
The only fly I see in the soup to this rally is
MSFT..if that gets fixed we are off to the races

Jim, I agree but I don't play the indexes for the most part because they require almost exact timing. I pick on the ones that no one wants anylonger on the long side (good ones with REAL EARNINGS) and short the love in stocks.

There is always a long and always a short but timing these indices are for smarter people than me. I am just a dumb old country boy.

A few days ago the crooks were buying the "old economy" stocks and selling the techs. Today they do the reverse. It is a game where there are not enough players to cover the bets across the board anylonger IMHO.

BTW, no doubt the VIX was way too high yesterday and that was why I was not short going into today (with the exception of XOM). But the vix will pull back in line in a few days and fill the gap it formed yesterday and then we will see if it can't set another higher high. :-))

Monty



To: James F. Hopkins who wrote (40794)10/14/2000 11:06:34 AM
From: kvkkc1  Read Replies (3) | Respond to of 77398
 
Another thing about MSFT is that they said they were going to buy stock. What a golden opportunity to invest in themselves. As a long on MSFT, I hope they are doing so.knc