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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (42146)	11/3/2000 3:17:24 PM
From: t2	Respond to of 77400

i think i will short the close on amzn for the weekend. just 1000 Not a good idea, IMHO. It may work if you plan to cover by Monday or Tuesday if the market sells off in those days. I still doubt as the market is probably going to rally into the election next week----even if it sells off Monday, it will probably bounce back Tuesday. My reason is that many mutual funds will use this type of uncertainty as a chance to buy up shares at lower prices thanks to some uncertainties created by the pre-election days--thereby adding support to the market. If we bounce off current levels in the Nasdaq today, that might be even happening today. I wonder if it has the chance to turn into a buy on the rumor, sell on the news possibility. However, my feeling is the market will still rally after the election and internuts are going up along with the rest of tech, IMHO. (Liquidity driven) Good luck with your strategy. BTW--Liquidity is your worst enemy if you are shorting right now---not Amazon's fundamentals, IMHO.

To: bambs who wrote (42146)	11/3/2000 4:18:27 PM
From: chic_hearne	Read Replies (2) \| Respond to of 77400

Hi Bambs, It's good to see Crisco keep going up. It makes it more profitable to short later. -ggg- I'm thinking we run all next week as long as Dubya wins, at least that's the way I'm playing it. I closed most of my shorts on Tues and plan to just watch and wait until I can go short again. I don't like going long anymore, too much risk. I think it's much easier to make money on the short side. Besides, this is a bear market so the odds are in our favor. After next weeks relief rally, I wouldn't be surprised if we fall off a cliff. Don't quote me on that because I reserve the right to change my opinion at any time. -ggg- Have a great weekend! chic