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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (4924)	1/4/2001 11:04:31 AM
From: Rutgers	Respond to of 19633

Hi Tom, your timing is much better than mine... but I'll go on record as saying we see NAS 2800+ before end of next week...just seems to me that few can deny that 50 points was unexpected at this time. Indeed, from everything I've read (just a week ago, Epstein in Barron's made a case where rates could be left unchanged at Jan. meeting), the consensus seemed to be a 25 pt cut at the Jan meeting. Therefore, I think this good news may have some legs. First, it should be the catalyst for those funds on the sidelines to begin to leg in. Second, short interest was at record levels and not all the shorts covered yesterday. Third, I am believer in the irrational exuberance on the upside translated to the opposite on the downside. Bottom line: I think we move higher in the broader sense through January possibly even testing 3000 again. As January comes to a close, it will be time to re-evaluate. Coming from me, however, remember that this and a single ride Metrocard will get you on the subway in the Big Apple!

To: Tom Hua who wrote (4924)	1/4/2001 1:18:59 PM
From: byhiselo	Read Replies (1) \| Respond to of 19633

Tom, any opinion on EIX (Edison Intl)? imo bankruptcy fears overdone, bought some at 7 today cheers

To: Tom Hua who wrote (4924)	1/4/2001 8:30:50 PM
From: Paul A	Read Replies (1) \| Respond to of 19633

I went all cash Tom but was too scared to take on any shorts.. There seemed to be alot of squeezing going on all over the place so I figured id wait for the dust to settle.. Thats usually how I miss the great opportunities you throw our way :) This new year has started off pretty darn good soo far, but I guess the freebie rally yesterday was just that- a freebie.. now its time to earn the money :) Out of my DRAM position.. Did exactly what I wanted, but rather than take a week or two it did it in a day so Im done there for now as well.. Im dying to try ZIXI on more time, (for the death spiral)but I feel bad because everytime I go short ZIXI is squeezes.. kinda makes me feel responsible for ruining everyones party :) I received my companies stock option offer today and needless to say- so much for my 'pot of gold'.. Not only do I not get a single thing for free, but the frickn rules regarding selling are absolutely unacceptable.. Whats even sadder is 90% of the employees are all under the impression it will make them filthy rich, and I have to keep my opinions to myself.. Can I ad it to the short portfolio? :) :) :)