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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (64056)	12/9/2000 7:17:57 PM
From: UnBelievable	Respond to of 99985

I am not holding equity positions overnight. I trade during the day, more often short than long. From a trading perspective I don't know that there is that much difference between short and long since they both are successful when you do the same thing, buy low and sell hi. I guess I'm more comfortable with short trades because its easier for my to understand why most of the stocks I trade should go down but less clear why they should go up. I am holding a number of option positions, currently mostly with January expirations, almost all of which are puts. While I do hold these longer than stock my perspective on these is as a trader rather than an investor as well. I don't tend to hold for very long, generally buying on rallys and selling in stages once the position becomes profitable. My feeling about the current market is that there are still a number of stocks which are trading at prices that can not be justified by the underlying circumstances of the companies. These include both traditional companies like KO trading at a PE of 85, banks and financial organizations among whose assets are I suspect a large amount of questionable debt, as well as some of the Mo Mo tech stocks.