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To: AllansAlias who wrote (56098)	1/10/2001 10:40:30 AM
From: oldirtybastard	Read Replies (1) \| Respond to of 436258

It's like musical chairs, no? Except every time the music plays for a shorter time, someone is bound to get stuck with the worthless pokemon cards in the end -ggg-

To: AllansAlias who wrote (56098)	1/10/2001 11:00:43 AM
From: Perspective	Read Replies (3) \| Respond to of 436258

Somebody must have finally gotten a little more OPM to burn. Nice little paint this AM. "Never mind the CSCO or INTC comments, just look at me, look at me! I've got lots of money and I'm buying this trash like crazy!" Never mind that its OPM. It's beginning to look a lot like April, when every decline was met with wads of OPM from fools entrusted to run their money. In that environment, we learned short profits must be taken quickly. I still think the recent action indicates the Greenspan Put has expired, so I continue to fade rallies. I just need to think more like last Spring than last Fall. That said, this is likely a vestige of the January effect, and as such it may be fleeting. I haven't been posting a whole lot lately, but with the activity following the rate cut, I've turned away from my slightly bullish posture, back to the bearish side. While I think down is getting more and more difficult to achieve here, I now think odds favor something approaching the 1930s script over the 1990s Nikkei model. Sentiment has not turned poor enough to make THE bottom, and it's too early in the recession for stocks to bottom. We will be getting a sequence of several rate cuts, so I may dig around to see if there is any way to earn something from that forecast. However, it may already be priced into the markets. BC

To: AllansAlias who wrote (56098)	1/10/2001 11:05:08 AM
From: Perspective	Respond to of 436258

Just a little hesitation here at yesterday's highs on Naz. I'm guessing we break out here in a race to throw away some New Years' money. BC

To: AllansAlias who wrote (56098)	1/10/2001 11:12:53 AM
From: Perspective	Read Replies (1) \| Respond to of 436258

Amazing coincidence that we're sitting here, poised right at an important technical threshold, minutes before Chambers speaks. Technical analysis works because the guys with the big money are painting the charts left and right. If he's honest, he'll admit the weakness in orders, and their stock will fall. Their ability to make acquisitions with funny money will decrease, and his personal portfolio will be hit. Or, he can lie, tow the "future's so bright" line, and get another few weeks to hunt for acquisitions and ditch stock. Of course, they are within the no-insider-sales window before earnings, right? I don't suppose he could actually make a confession. I don't think I'll play it either way... BC