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To: pater tenebrarum who wrote (53250)1/3/2001 11:40:26 AM
From: marginmike  Read Replies (1) | Respond to of 436258
 
Yah but stocks are so cheap! MSFT at 45, lu at 15! come on 15 wont get you a good deli sandwich in NYC.

A PE? no whats that........ho ho ho



To: pater tenebrarum who wrote (53250)1/3/2001 11:44:10 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Hey, I did my part. -g I bought the early dip, then got whipped long once, and then went short for a beer. I have no strong conviction and am still standing aside. As I was saying, we'll know shortly which way is the line of least resistance. This latest bounce at 11:15 or so has to hold and run, otherwise I say the down is the line.

Note that this rally today is not too manic compared to other rallies off big lows. This can be seen as a sign of weakness, but one could also argue that it is these sorts of long builds that have a chance of holding.

NYA feels weak and I am surprised somewhat that GE is not bouncing harder. Maybe we go back to those old rotation scenarios -- "sell mmm.com, buy csco" sort of thing.

edit: Pretty picture is bending just a little here. Looks like I'll get that test of the 11:15 low.