To: Jenna who wrote (119607 ) 12/19/2000 5:14:38 PM From: Jenna Read Replies (1) | Respond to Gemmers, why are you all in a hurry to go long and STAY LONG? What is the rush? Wait until the January earnings are behind us, wait until we have more downside and THAN when the FED finally lowers rates we will have a market where stocks like RBAK, EXTR are back to the 30's and JNPR and CIEN are cut still lower. There is always a bottom but the bottom will not come with earnings reports down the road. How can it? We have 6 more weeks of extreme volatility ahead of us, so we have to bundle up and prepare for short term but VERY HIGH gains to the long and short side but probably bigger to the short side. My suggestion first and foremost is have you computer systems checked out, get top of the line connections, get the best and fastest execution broker you can find, Get to know the brokers by phone, get your short lists updated.. Learn your level II's (at least to read the market and the market makers themselves are buying and selling) because its in the execution where we get the profits. I had a little trouble today executing a sell limit on IDPH but I waited and sat on the ask until I got it (of course the stock moved down a bit in the interim which is why I probably got it) I have now 4 just in case I have any problems. I can't trade as freely as you all can but if I were just trading and not running a service, I'd be buying up large positions for daytrading and closing them nightly. There were some huge block sells on JNPR today. There is a lot of to make on the expectations of a bottom... weak hands not holding on setting up great short opportunities, and the reverse, we will be getting bear flag rallies
