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


To: Voltaire who wrote (22123)12/5/2000 3:58:34 PM
From: Rhino Ray  Read Replies (1) | Respond to of 65232
 
I did buy, just wish I bought more. Should we buy more now?



To: Voltaire who wrote (22123)12/5/2000 4:03:31 PM
From: jcky  Read Replies (2) | Respond to of 65232
 
Hello Voltaire,

There's nothing wrong with playing the upside volatility for the Santa Claus and the New Year's rally. In fact, both you and I were in agreement the day before the Nasdaq tested 2550 that it would probably hold and we would see a strong technical rally. And here we are....

But I don't believe the worst is over for this market yet; although, the intermediate bottom has probably been tested for this year (2550). We may still yet retest the lows of the Nasdaq and this is why you suggested selling in March/April of next year. In the meantime, I'm playing the volatility on the upside for some good money.

I hope all is well for everyone on the Porch.

Regards,