Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (13772)	12/5/2000 11:33:25 AM
From: ratan lal	Respond to of 39683

Right now I'm short CIEN, and just shorted RIMM. Watching EXTR, EMC, and BRCD I guess I was right to be afraid of election related move up in the markets. Now we have AG's speech which most TV stations are reading as a coming cut in rates. But knowing AG he makes the speeches to move the markets, then he doesnt really have to do anything and probably WILL not cut the rates. But thats a few days away. CIEN is up 16 which could be related to NAZ, AG and pre earnings just as I mentioned in my previous post. Dont know if they will run this any higher before dumping it on the earnings announcement day after tomorrow or they will strat dropping it today and tomorrow in fear of earnings (sort of pre-empting).

To: Walkingshadow who wrote (13772)	12/5/2000 11:39:43 AM
From: JRI	Read Replies (2) \| Respond to of 39683

WS- Well, I got blown out on my CIEN short....do you think this rally can break 3000? I knew we'd get a pop at some point, but thought it would come next week, pre-Fed meeting (i shouldve checked Greenspan's schedule)....I am torn here, because this doesn't seem to be the "real" rally from the bottom to me....good technicals, but we never had the real capitulation day that everyone is looking for..certainly a lot of shorts must have covered today... So I am torn if I should play additional upside over the next week or not...with all the possible earnings warning coming..it would seem tough to do.... Also, what I don't understand, although Greenspan said he is open to easing, he also said that this is not like 1998....back then, Greenspan cut rates 3 times....so 2 or 1 is the most we can hope for (it seems)...Wasn't 1 in January already priced into the equity market? Apparently not. Bond market has had it priced in for a while.. It sounded like me that he is saying neutral in Dec., cut in January (and that's likely it).....