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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (10024)	10/26/2000 5:24:14 PM
From: CAtechTrader	Read Replies (1) \| Respond to of 65232

JDSU just guided higher...and I get the sense that they are holding back in even doing that...very impressive conference call. JDSU is no NT....and really I see little wrong at NT, the analysts did a great weak hand wash out on this sequence.

To: im a survivor who wrote (10024)	10/26/2000 5:32:34 PM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 65232

I've had the same thought -- you have to trade, at least that's the way its been the past few weeks. I don't have the mental energy for that. These things go in cycles. Late last year buy and hold was the correct thing. This year it has been better to be short or cash. Lately, trading would have worked, selling into strength, buying on big weakness. Whatever -- you can't stick with the same strategy for more than a few months. If this is true, maybe we are about to change again, and maybe buy and hold will come back into vogue. The PEs on many stocks certainly suggest this. INTCfan

To: im a survivor who wrote (10024)	10/26/2000 5:44:03 PM
From: RocketMan	Read Replies (1) \| Respond to of 65232

Today was a wild ride. I got taken out of all my tight stops early in the day, not that I cared. I would rather be stopped out at a 5% loss than ride a stock down 20%, which is where they took a lot of them today. This was sheer manipulation, with everyone shorting on the way down. When the Naz came close to its retest lows, around 3050, and it hung there for a while, I smelled a short covering rally in the making. Loaded up on Nov QQQ 80 calls at around 2 bucks, they closed at over 4, so I doubled my money on those. I also got QQQ common, again with a tight stop. If a rally continues tomorrow, I will ride it for another couple of hundred points, close everything out, and either short the QQQs down again or just sit it out for a while. RM@becomingthetraderineverwantedtobebutthismarketgivesnochoice.com