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To: Boplicity who wrote (8314)1/2/2001 3:08:45 PM
From: Sam Sara  Read Replies (1) | Respond to of 13572
 
I would be looking to close shorts here, normally, because it is too easy right now.

Charts and sentiment indicators suggest more pain to come, however.

Nonetheless, I am sticking to my rules of putting no more than 15% of my funds as shorts. Just too easy to get burned when a market this oversold turns.

I'll be happy making a small amount as market goes down, and rest remains as cash.

Bio is crumping on cue, but semis refuse to budge. Hard to make much of a single day of relative strength, at least for now.

What a year, so far.