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


To: Jim Willie CB who wrote (25433)12/15/2000 4:06:07 PM
From: Sully-  Read Replies (1) | Respond to of 65232
 
<edit>Late day had a Bloomberg report report that CSCO is setting aside approx $274 million for unpaid bills...... or something to that effect.... per CNBC

Market reacted quickly to this report.

Ö¿Ö



To: Jim Willie CB who wrote (25433)12/15/2000 4:13:15 PM
From: mtnlady  Respond to of 65232
 
"big unknown effects from Triple Witch and Naz100 reshuffle"

I don't know JW... you look at the max pain point for several of the stocks I follow and they moved pretty close to those points in the last hour. I think it was a ramp job to squeeze the most out of option expiration. I bought a little bit of SEBL early and then sold out to book the profits. I still don't like the feel of this at all. Next week could be rough. Personally I see the NAZ working it's way downhill for the next 2-4 weeks as all the warnings come out. We may get a 'bump' here and there (e.g. possible before fed meeting) but I think the time to go long might be the end of December/first week in January. And even then it will be a real *cautious* 'long' at that... just my 2 cents worth.