To: Jenna who wrote (115606 ) 10/26/2000 2:25:31 AM From: lee kramer Read Replies (2) | Respond to of 120523 A few thoughts: Intra-day trading, long and short, especially Jenna's calls have been productive. Sell-stops MUST be entered on all longs, buy-stops on all shorts. I can't follow too many stocks so I watch a handful of watch-list and Earning-Plays. This too has been productive. I've pounded this for a long time: Ignore CNBC, hit the mute button...CNBC has no love for the trader, will never help the trader. CNBC's audience is Solly in Secaucus who wants to know from the analyst or fund-manager of the moment what the outlook is for Telephone or Cisco "short-term and long term." And these analyst/fund-manager goobers rarely indicate how many million shares they're holding. Ever wonder why they line up en masse, pushing and shoving, to get in front of CNBC's camera. Ignore MOST wire-house recommendations. Do you really want to buy a Pru-Bache or A.G. Edwards reco? Wire-houses hire hundreds, thousands of SALESMEN to make money for the house, not you. Maria could use some valium. A lotta valium...(yeah, I listen pre-market.) Ralph Bloch at Raymond James is a pretty good technical analyst. Larry the super-patriot K. (is he Lisa's dad?) gives new meaning to the term "smarmy." Joe the perpetual bull "buy, buy, and buy some more" Battipaglia gives me a severe headache and a nasty rash. But I digress: Profits are achieved by watching the charts...by culling the strong sectors from the weak. By (as James Cramer continually repeats "buy 'em when you can, not when you have to".) The DOW held...daily/weekly where it had to. The NASDAQ did the same, putting in a nice double-bottom, both with heavy volume. Gotta go with the tide, and until we learn otherwise, the tide is on the long side...I speak of the averages only. Today much looked bleak, but this is not unusual after four strong up days. Tomorrow (Thurs. 10/26) comes the Employment Cost Index. It may be OK, it may be awful. If it's awful, watch the market; if the market does not get clobbered, it'll be rally time. It's not the news...it's never the news...it's the market's REACTION to the news. What a game we play.