Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (26671)	12/21/2000 11:36:26 AM
From: Robert New	Read Replies (2) \| Respond to of 65232

Just heard a rumor which should be taken for what its worth....simply a rumor. However have heard some talk about an emergency Fed meeting which could be spurring some of today's buying/short covering. Irregardless of its validity I do feel as though the risk/reward is to the upside given the current environment. VIX hit 37+ this a.m. which is good enough for me. Have to have a discipline and stick to it. For me that means buying some on a 35+ VIX print... Good investing to all

To: Jim Willie CB who wrote (26671)	12/21/2000 12:50:55 PM
From: cyberian-husky	Read Replies (3) \| Respond to of 65232

>>>give your abuse a break<<< I thought I was. I reread it and still don't think I was being mean spirited. In a sense I was holding a mirror up to you trying to show you that you are echoing the sentiments of the majority of the market. CNBC tells you way you to feel and you allow them. You are being a lagging indicator. Thoughts of shorting has begun popping into everyone's head. Not even shorting weak companies, but going after your former favorites as possible candidates. Sure there is money to made doing so, but the entry point was a few hundred Naz points ago. Back when everyone was pounding the table for this market to rally even though the Fed was raising rates. Now the Fed is looking like they are going to lower rates. You wait until now to start finding opportunity in this bear market?!?! Sure it could last longer. But how much longer? How much of this sell off is short selling the panic? We may test 2000. But for how long? Is it possible that this was the final leg down and yesterday was the selling exhaustion. It certainly would be safer to remain in cash until we see evidence of a prolonged base. However, I'm not certain that playing the short game in here is wise. Now I'm not harassing you. Get it? Don't be so touchy. Make like you have a pair. <VBG> Maybe I'm mistaken. You might be trading in a much smaller time frame. If you are daytrading this market, then get plugged into the grid. You're trading by braille otherwise. Use the right tools.