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To: Boplicity who wrote (7706)12/19/2000 10:29:39 AM
From: mishedlo  Read Replies (2) | Respond to of 13572
 
<<I'm largely in cash making small little trades here and there waiting for the market to turn which it will. I'm enjoying the selling to tell you the truth, the lower we go the longer the selling continues the stronger the bull will be once it starts.>>

Greg, I am now almost all cash as well.
Will it turn sometime, yes it will.
The lower we go the stronger the bull.
100% agreement.

Right now about the only difference in our positions, is you are primarily trading long during this wait but I am doing the opposite.

Our biggest difference however is how far away from that bottom we are. I say we are not close. A rally from here to 3000 will not mark the bottom IMHO.

M



To: Boplicity who wrote (7706)12/19/2000 10:39:39 AM
From: freeus  Respond to of 13572
 
rewhat will the tech market look like?
That's what I was wondering: what are the next market leaders?
I have demolished my account but ready to try again when I can figure out what to try.
Still going to stop working for someone else in June: I;ll live on next to nothing in a paid up house until I have the money back to build my dream house.
Whenever.
Next time I am a multi millionaire I damn well better appreciate it and convert it to cash.
Freeus



To: Boplicity who wrote (7706)12/19/2000 11:31:19 AM
From: YlangYlangBreeze  Read Replies (1) | Respond to of 13572
 
I'm out of those QCOM Jan 100's Again. Feeling like a bandit, 4-day doubles are mighty scarce lately.
Holding the April 120's tho'

Can we go long CIEN again yet?
j



To: Boplicity who wrote (7706)12/19/2000 5:58:43 PM
From: Walter Xie  Respond to of 13572
 
Greg, As you said that the stock market is a game. To make it a fun game, however, takes a village <g>.
It may be more accurate to say that the market is a common sense discounting machine. e.g. it always moves against your common sense.
I wonder if today's new low came before FED meeting, what they would have done about the rates?
By the way, the retest seems not materialized and my QQQ long was stopped out at 59. Too bad since it halved my gains for today. Stupid move in retrospect.
Walter