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To: D. Miller who wrote (194)12/16/2000 6:04:54 PM
From: Grandk  Respond to of 322
 
Yes, we have a long way to go. It dosn't help that we rallied so hard back in May. Many people are talking about a return to 3400 based on fibonacci rules. I believe all TA can be thrown out the window, and that one day soon, buying the dip will lead to bankruptcy. I will continue my strategy of holding LT lEAPS short positions in various leaders, and periodically hedging when the bullish sentiment seems at a ST low.

A failure to rally on Monday would definitely incite some serious selling, IMO.



To: D. Miller who wrote (194)12/18/2000 2:57:08 AM
From: Grandk  Respond to of 322
 
Message 15036875

Good companies, but the multiples are still high. I could take a 50% bath without much trouble.

Its either stay in and grit my teeth, or sit on cash and miss the market.


What's wrong with playing it safe in this environment? The gambling bug remains.



To: D. Miller who wrote (194)12/18/2000 9:54:59 AM
From: Grandk  Respond to of 322
 
This rally may have some legs. Banks and Semis up in the early going.

Message 15040360



To: D. Miller who wrote (194)12/18/2000 5:05:44 PM
From: Grandk  Read Replies (1) | Respond to of 322
 
Scizophrenic market.
First:
dailynews.yahoo.com
Then:
www2.marketwatch.com
And Now:
www2.marketwatch.com

Anyone buying Bank stocks in a slowing economy with multiple warnings, credit problems, rising inflation (my opinion) is just plain ignorant.



To: D. Miller who wrote (194)12/19/2000 2:04:29 AM
From: Grandk  Respond to of 322
 
This site about sums it up. People think they are contrarians, when in reality, at no time in history has J6P been more bullish, and the pro's been more short. Gee, I wonder who is right?

Subject 50452