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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (118119)12/4/2000 10:19:49 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
Very few people are holding short positions. In fact we have been inching up the long side for the past few days although only with call options. Shorters know when to get out and by now with so many close calls and failed rallies we are ready for one that has staying power, however I would not fill my baskets with boatloads of longs or get overextended. No one will miss the boats, except those that are still invested and have to sit on their hands and wait for their money to 'come back' while traders and short term investors can enjoy a possible rise of the nasdaq from the ashes like a Phoenix.



To: American Spirit who wrote (118119)12/5/2000 4:57:22 AM
From: lee kramer  Respond to of 120523
 
American Spirit: Your suggestions have great merit if you accept the conclusion that the recent market "collapse" is election-related. I'm not so sure. It would not surprise me to see a sharp, powerful rally...then a resumption of the "bear"...more so on the NASDAQ than the DOW. It seems that capital had been flowing heavily out of many NAZ stocks into many DOW/NYSE stocks and short term T-bills and T-notes. (Lee)