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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (4272)12/19/2000 8:30:45 PM
From: rocklobster  Respond to of 57684
 
I was wondering why my portfolio,, already decimated by the afternoons action, was down another 5% in after hours... then I saw the FDRY news.. Luckyily everything came back to around where it closed before after hours trading stoped..

I don't know why I held longs today...I feel like an idiot because I knew the fed wouldn't cut today,, but I just thought that this easing stance was priced into the market...

I sat there all afternoon expecting the selling on the news to dry up...

this is a brutal brutal mean bad bear... I will dump all longs tomorrow if we don't bounce... still kicking myself.

rok



To: Proud_Infidel who wrote (4272)12/19/2000 8:35:26 PM
From: Si_Detective  Read Replies (1) | Respond to of 57684
 
In this market, I don't know what price you can call it a overreaction. There's no stock that is cheap, because it gets cheaper everyday.
I'm not buying anything (I still have too much long positions), except I'll short any rally to further protect my longs, hopefully 50%shorts and 50%longs.


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