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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (60525)	10/14/2000 2:04:08 PM
From: Tim Luke	Respond to of 122087

tony i think friday was a sham...i wonder if dear abbey cohen sold all that she needed to....just a wild ass guess on my part

To: Anthony@Pacific who wrote (60525)	10/14/2000 2:35:52 PM
From: Tim Luke	Read Replies (2) \| Respond to of 122087

ap, i would value your opinion on a few things. 1...fridays action 2...abbey cohen/goldman 3...middle east 4...re-visit of 87 5...are on the verge of a recession

To: Anthony@Pacific who wrote (60525)	10/14/2000 2:38:14 PM
From: Land Shark	Read Replies (1) \| Respond to of 122087

Wasn't Friday mostly the Pros punishing "inexperienced" shorts? I'm sure a few got burned. I was not caught up in that, fortunately. It was very entertaining and it did give me an op to get back into ZIXI and a few notable others.

To: Anthony@Pacific who wrote (60525)	10/15/2000 1:08:29 PM
From: Jenna	Read Replies (1) \| Respond to of 122087

Welcome back Anthony, Lot has changed since you left. Me now a shorter...shorter..on the tech sector and nets, for the last 2 months and here is my contribution to your thread: Coming away from shorts on the pigs: NEWP, YHOO, GSPN, AVNX, CREE and CORV. You might expect a recovery of CREE on Monday (already in CREE long), for a while. Agree about AMZN also. A bear flag rally.. I'm not sure the rally on Friday had that much to do with shorts being squeezed. Short players are not stupid, in many ways they have more savvy than long players. No one I communicate with took any short positions home on VRTS Thursday excpecting a possible gap up rally on Friday. This is true especially with a number of tech stocks reporting good earnings which is what I expected. Shorters will still have many more days in the sun. Stocks are still overvalued by hundreds of percentage points. The internet sector still needs a crew cut and a number of other stocks in the communications equipment, and other tech sectors. VRSN at a Premium PE Multiple of 736.4 X, vs. the 117.1 X average multiple at which the Internet Products & Services SubIndustry is priced. INKT Trades at a Premium PE Multiple of 1175.0 times vs. the 117.1 times average multiple at which the Internet Products & Services SubIndustry is priced. Get real, VRSN, INKT are moe fat cats that will beat the dust IMHO. Take RFMD which trades at a 15% Discount PE Multiple of 64.3 times, vs. the 75.5 X average multiple at which the Communications Equipment SubIndustry is priced. This is a nice valuation. When companies are at their proper valuations like RFMD, SYMC and QCOM, the market will be worth investing in. Until then its a 'long term daytrader' paradise. A long term daytrader is a trader that can trade the same few stocks for much of the day, milking as much profits as they can from the long side and then from the short side. Shorters do research, they don't short indiscriminately and they might not catch the bottom precisely but they don't short until AFTER the companies report and start to sell off after the news... VRTS? was a terrific short on Thursday but who would take that short home.. Some even had the foresight to hold a position long AFTER than drop. I have not appreciated shorters until 2000, they have a gameplan and its worth learning.. The negative connotation attached to them is only 'sour grapes' because while investors are losing their shirts hoping against hope the stocks will come back, most shorters have covered and are also waiting to cash in on these same companies for the 'bearish flag' move to the upside until they can short again. Money is not being made in the tech sector like before too much competition, overflow, high oil prices, political unrest will continue to take its toll. But making 8-13% on one-day trades to the long side and then to the short side not even catching the entire move is tantamount to 20% increases gross weekly in your portfolio. Subtract 4-5% for some trailing stops and stops triggering too early and the result compounded is still head and shoulders above the investor or the trader that plays only one side of the market. For investors there is even no contest.

To: Anthony@Pacific who wrote (60525)	10/15/2000 10:35:07 PM
From: tom rusnak	Read Replies (1) \| Respond to of 122087

G'day and welcome back home Tony: tokyo blow rates a mention in the sunday ny times: nytimes.com Of the many cases accusing traders of using the Web to generate illicit profits, perhaps the highest-profile one was the S.E.C.'s suit last January against Yun Soo Oh Park, better known as Tokyo Joe. The commission said Mr. Park had operated a classic pump- and-dump scheme, buying shares of stocks that he would then recommend to participants in his chat room. As they rushed to buy, Mr. Park would sell, the regulators said. Mr. Park is contesting the accusations.