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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (59010)	1/17/2001 10:38:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 436258

>nope, anyone booted from MDD is a must have over here (BG) Guess I'm a must have! I also got booted from William Hammond's thread New Economy and its Winners.. As I recall, I told him YHOO was an overpriced piece of shit and anyone who didn't sell it was going to lose their shirt. That was around 250 per/share or so. Unbullish talk like that is simply not allowed over there.

To: Lucretius who wrote (59010)	1/19/2001 2:21:59 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 436258

I am at a total loss for words. ADI, RFMD, XLNX and numerous others missed and gave horrible downward future guidance and still managed to climb 4-17% today. Shares of Microsoft Corp. jumped 5 percent in after-hours trading Thursday after the software giant met analysts' reduced expectations. The stock boost occurred even as Microsoft also warned that it would fall short of third-quarter forecasts and issued a cautious outlook about near-term results. WTF? SUNW met earnings but missed on revenues yet they too are up strong after hours. MAX pain is very much below where we are right now in almost everything I checked so I guess the big boys have either lost control or are doing as Gersh suggested was possible a while back and getting called out of their shares on purpose before taking things back down. A type of stealthy selling so to speak. All in all this looks bullish on a chart chaser basis. Of course FA wise, there is nothing one can say other than this is a total mania once again. It appears we are right back in the internet stock type mania where bad news is good news, losses are better than profits and the more over valued you are, the better the stock is to trade. I was bullish on the techs as I forecasted weeks ago but am severely disappointed at the quality of the bounce. I guess I will be called out of my stock tomorrow as I see little that will take this down now. This mornings unemployment claims were horrible coming in much lower than expected which means we still have inflationary pressure in the job market and I see no way Greenspan will lower 50. If he wasn't so afraid of wall street, I think he would prefer not to drop rates at all given today's market action. I think he really really really needs to raise margin requirements to get a handle on the crazy money chasing worthless securities. Note today's big movers that I track. SANM up 17%, PMCS up 16%, JDSU and QLGC up 15%, MU and even AAPL which missed bad yesterday up 13%. Nuts, absolutely nuts. I hate to say it and repeat my March words but we need to crash and we need to crash hard. Apparently clowns are a slow bunch and don't learn very fast. I was hoping for a rational bounce based on the beaten up stocks that had a bright future such as SFA at 29 when it was selling for a PE of 20 on 60% growth ( now 55 and climbing fast) and other stocks such as that. I wasn't looking for companies that warn, gave bleak forward guidance only to be bid up 15-20% in a day as the Mo Mo investors ignore all bad news. SOme of these fast moving techs are forecasting declining sales and profits yet have PE ratios that were once reserved for only the fastest rising high growth stocks. These latter actions are indicative of a bear market rally thus I do expect us to revisit the lows and possibly break below them to make new lower lows now in the months ahead as reality rears it's ugly head. The main question now is when. I will day trade but I will be looking for short targets and when my 3000 area draws close, will start adding puts to catch the ride down. Again, I doubt AG is going to want to feed this mania and repeat the mistakes of the past couple years. Hopefully he will disappoint wall street and we can get our correction out of the end of month FOMC meeting. The weekly charts are all pretty much hitting the mid bands on the Bollingers so there is some indication we should stall and pullback next week. If not, then I would look for the 3100 NDX target. I am not shorting this move yet but as I said, I am disappointed at the quality and rational for the move. Our divergence indicator looks like it will issue a sell signal tomorrow so I may change my mind if a few of my targets so far show signs of weakness. Most of my targets though are non tech with weak chart patterns. What do you all think of JPM on the chart. nothing but small dojis like it can't make up it's mind if it wants to puke or not. Good Luck, Lee