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

To: Mark Fowler who wrote (4397)	12/21/2000 4:40:46 AM
From: craig crawford	Read Replies (2) \| Respond to of 57684

It heartens me to see "short" coming out of everyone's mouth tonight. When I do hear any talk of buying, it's always predicated by words of extreme caution. Or people say I'm waiting for Nasdaq 1200 or 1500 or 1700 or 2000. People are throwing out the same wild predictions on the downside that people did on the upside. Bodes well for my calls. If you want to start shorting defensive things like drugs as opposed to techs, you will probably make out ok if we have a huge rebound. But if no rebound--drugs go higher. So I agree with William. You will get more bang for your buck by going long tech when the rotation finally occurs. I really don't see the point in shorting financials. They could explode at any moment if Greenspan decides he has killed every mo-mo guy out there and it's safe to cut rates. Now, after Greenspan has cut rates 2 or 3 times and everyone thinks the world is all better and we have a decent rally--then maybe it will be a great time to short financials.