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To: Dave Gore who wrote (119430)	12/18/2000 3:54:32 PM
From: SirRealist	Read Replies (1) \| Respond to of 120523

>>15 seconds<< Yeah, it's like wham, bam, got bit again. eom

To: Dave Gore who wrote (119430)	12/18/2000 3:54:32 PM
From: SirRealist	Respond to of 120523

>>15 seconds<< Yeah, it's like wham, bam, got bit again. eom

To: Dave Gore who wrote (119430)	12/18/2000 4:08:03 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

You could have been long I think 20 minutes.. however the short positions were running for hours. But I expect some upside in the morning, or a little exhaustion gap down and than a move up in the first or second reversal period. You have to try to stay one step ahead and anticipate. Of course if you are buying boatloads you can't do it with a clear head. If you have 2 or three call options or long position with just a few hundred shares you would be better off. Actually I thought the close was pretty good, it could have been down 50 also. I am just really looking for a trend, up or down, preferrably up because its difficult holding short positions more than 2 days no matter what the shorters are saying. It was easier in October and November but since that rally in December, we are coming to the point where shorting is to obvious to be good for more than a short swing trade as we are coming to oversold situations. The best way to short is to follow the blimps when they recover somewhat and short near the end of their rally..the reverse is also true, grabbing some NTIQ, MUSE and SDLI off their morning lows when they started to break from their consolidation to the upside. One step at a time.

To: Dave Gore who wrote (119430)	12/19/2000 9:24:30 AM
From: Lane Hall-Witt	Respond to of 120523

Dave: Hey, I've not only read Benjamin Graham's magnificent book, The Intelligent Investor, but also his Security Analysis and The Interpretation of Financial Statements. The opportunity cost of this reading has been several million dollars in lost trades in speculative stocks, because Professor Graham's "rational" approach becomes hard-wired into you after awhile. <GGG> I imagine, for awhile longer at least, we'll probably get some back-and-forth between your two scenarios. I expect the trend to continue trickling down for some time longer, unless the market gets really confident in the Fed, but I also expect to see more furious rallies that will provide liquidity for the sellers. The hard thing, as you have noted, is to get in for the spikes and not get trapped in the repeated headfakes.