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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (10646)	11/17/2000 7:52:52 AM
From: KM	Read Replies (1) \| Respond to of 18137

OK. First missive from Todd this a.m. and worth reading: Breakfast with Boo Boo 11/17/00 7:08 AM ET Brand new day with new ways to make money. Gotta love a dynamic business where you're offered a chance at redemption on a daily basis. As always, the wheels are chuggin' early here at the hallowed halls as we welcome Jim's dad Ken in for our bagels and lox session. If ever there looked like a lucky guy, Ken's the man ... and he'll be throwin' down $100 on the hard eight for Toddo when the Cramers arrive in Vegas tonight. As for the tape, we're back at tricky levels again. There's a lot of chatter about DJIA 10,600 and COMP 3050 being critical inflection points. As you know, I watch the COMP but I focus on the NDX as that is what actually trades. The NDX is still on a sell signal and 3000 is still the level I feel is key. Having said that, let me share my thoughts going forward. My cautious posture is well documented and I continue to have serious concerns about this market. However, if we are to get a rally, it's going to happen soon. I think December will bring a fresh slew of preannouncements and sharpen the focus on the deteriorating fundamental picture. Again, I view any move higher as a trading rally and one that should be used by the longer term folks as an opportunity to free up some capital. That leaves a window of a few weeks for the market to give it the ol' college try on the upside and I'm open to the potential for this to happen. Because of this, I'm removing my other arm from the bear costume and keeping both my legs warmly nestled in the safety of fur. Don't mistake this for unbridled optimism -- there are numerous reasons for the tape to continue lower. As a trader, however, you've got to assimilate the potential for all scenarios. Psychology and liquidity will dictate the near-term direction and those metrics are tough to game. Good luck today, cookiepuss. Let's make some dough. R.P.

To: TraderAlan who wrote (10646)	11/17/2000 9:42:46 AM
From: John Koligman	Respond to of 18137

Perhaps this is a trend and many of these CEO's did not see what was coming in their own companies. Starbucks profit was reported to be eaten up by bad Inut investments, and Worldcom's CEO had a margin call on his WCOM stock, but has received a 'line of credit' from WCOM to 'bail him out'. John WASHINGTON -- WorldCom Inc. (WCOM) loaned President and Chief Executive Bernie Ebbers an additional $25 million in November, the company reported in a Form 10-Q filed with the Securities and Exchange Commission on Tuesday. As of Tuesday, Ebbers had borrowed $11.5 million under the loan. In September, WorldCom loaned the CEO $50 million. The loan is payable on demand and bears interest at a floating rate, the filing said. The company also agreed in November to guarantee up to $100 million principal amount of debts, together with any related interest, attorneys' fees or costs, owed from time to time by Ebbers to an institutional lender. No advance under the guaranty had been made as of Nov. 14. In connection with the November transactions, and subject to certain limitations, Ebbers pledged his shares of WorldCom common stock to secure his obligations under the loans and guaranty. The pledge is subordinated to obligations to his existing lenders. Ebbers has used, or plans to use, the proceeds of the loans from the company and the loan guaranty to repay certain debt under margin loans from institutional lenders secured by common shares held by him.

To: TraderAlan who wrote (10646)	11/17/2000 2:42:58 PM
From: compradun	Respond to of 18137

I liked his reference to the deep ellum [sic elem] blues since I live just north of deep ellum in Dallas. Talk about obscure blues songs [recently reprised].

To: TraderAlan who wrote (10646)	11/17/2000 5:01:19 PM
From: davealex	Respond to of 18137

On an unrelated but hilarious note: "PSINet (PSIX) 2 +3/16: -- Update -- PSIX announced that it has been advised that a bank that had made a loan to William L. Schrader, chairman and CEO of PSINet, had made a margin call on the approximately 11.4 mln shares of PSINet common stock that had been pledged by Mr. Schrader to secure the loan and that the bank was in the process of selling some or all of those shares as a result of the margin call." Hmmmmm.... Maybe he could recoup some of that loss by joining with investors in the class action suit that was just filed against his company. Dave