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To: Epinephrine who wrote (15042)10/19/2000 3:19:04 PM
From: dougSF30Respond to of 275872
 
Epi, I think Kash is much more of a trader than most of us.

He's called some very good short term moves in the past. I tend to suck at that sort of thing, so I make far fewer trades, especially now, when the stock is SO undervalued. I'm afraid of missing out on a big move. (certainly didn't miss out on the downside move, however <g>) Witness today's (currently 19%) upside move.

Doug



To: Epinephrine who wrote (15042)10/19/2000 5:23:38 PM
From: kash johalRead Replies (1) | Respond to of 275872
 
Ephinephrine,

I dont like the way the overall market is trading.

We could just as easily be down 200-300 point tomorrow.

So, i made a huge short term buy.

And was happy to take 10%.

On margin the payoff was 20%.

Not bad trade for me IMHO.

I am not willing to buy and hold yet due to market volatility and overall trend which is still down.

My limted understanding of the bear market is that there are many days of big gains followed by long periods of market drops.

If we rally several days in a row, that might cause me to go long.

best regards,

Kash