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


To: Voltaire who wrote (26955)12/22/2000 9:10:14 AM
From: limtex  Read Replies (1) | Respond to of 65232
 
Vol - Good morning. What a nice day. Well who knows what happens when it opens but if you have been banging your head on a brick wall for nine months and suddenly it even 'looks' like you are going to stop then it sure 'feels' better!!!

One thing is sure and that is that when it turns with this amount of shorts out there it will be huge and very very quick and the fear, indeed a reality, of missing the bounce will make it all the bigger.

Could it be today?

Anyway Happy and Healthy New Year to you and Family. You have some stamina and optimism, a spirit that is a beacon of light.

Best regards,

L



To: Voltaire who wrote (26955)12/22/2000 9:55:07 AM
From: edamo  Read Replies (1) | Respond to of 65232
 
tom...newport as a trade, as long as you take the profits and don't let them slip away....

i would differ with your thoughts on the nasdaq as the "machine"...may apply if you are only going to trade...but longer term positions should be a bit more stock specific....if you use the nasdaq as your indicator, in essence you are being weighted with the old large cap techs...

watching newp up 8 on 300k shares....stock like this will move as quickly down as up.....i would be taking profits at this point and go home for the day....