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To: SliderOnTheBlack who wrote (87277)2/15/2001 1:38:56 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
>> This NAZ rally bounce off of one company (Cienna) - which is a mere good news ripple in a pond of bad news - is ludicrous.... <<

It started to bounce before the CIEN news yesterday. After selling off from the 2800 area to the 2400 area it was due for a bounce. The question remains as the quality of this bounce. Happy to take profits now on GLW, but I think we see 50+ before it's over therefore continuing to hold for now.

Nasdaq composite chart. Again not quite a double bottom, but close enough for me.

207.61.23.98

CSCO, JDSU, JNPR, GLW, NT, AMCC... Many of the optics plays and the networkers had been slammed of late.

Take a look at the NDX (networking index). Double bottom. Don't think it'll hold long term, but again a bounce was/is in order.

207.61.23.98

In general I wanted a double bottom in techs before I entered for ST trading plays. Didn't feel comfortable buying during earnings and hoping they'd ignore bad news. Now earnings season is pretty much behind us for a while and we have a good shot at rallying short term imho.

As for NG stocks I agree there was more downside risk than upside ST. That's why I chose EEE as my main exposure to this area. In a buyout situation it doesn't matter what happens to NG prices short term. I don't hear too many shouting new paradigm here. What are your timeframes for returning to NG prices in the 2's? I say it won't happen till fall of 2002 at the earliest. That still leaves plenty of time to play laggards imho. Granted I want more of a pullback near term before I return to the oil patch.



To: SliderOnTheBlack who wrote (87277)2/15/2001 4:31:22 PM
From: isopatch  Read Replies (2) | Respond to of 95453
 
OT/"about due for yet another Tear -Jerking

- Max Margin Blues, Mea Culpa aren't we?"

That's for sure!

All the pieces are falling into place for the human wrecking ball to deep six his net worth....AGAIN, lol.

"Yes Dear. Ah...I know, I promised. But...but, we have to remortgage the house AGAIN."

"Oh now...don't get upset...

it's only till I prove those pesky threadsters 'of little faith': Isopatch, Big Bull, Razor, Slider...

AND most important PROVE TO THE MARKET that I'm right and it's wrong about the NG E&Ps."


Q aka the Great Karnak. The man who CAN'T BE WRONG.

Disses every economist, research group, indep analyst or threadster who dares disagree with the all knowing one.

OK...once the mortgage and food money are gone? It'll be time to sue his broker...AGAIN.

When that doesn't work? Karnak will head for the cellar to pump iron till his turban falls off. Then, run laps around the block. The "golden child" of the new era, NG bubble of perpetual motion, max margin profits trys every diversion he can think of to hide from the truth:

He can't admit his mistakes and cut his losses like the rest of us imperfect humans. Better to "give it all back" AGAIN!

When will he ever learn to look at the market realizing the tape and good TA ANTICIPATE fundamental news?!

When will he ever learn that when you argue with the market the final outcome never in doubt. You loose, the market wins.

If JimP hadn't saved Karnak's chestnuts last fall with that SMOP gift, we would have already seen our annual - fall classic - the "NO MAS" public confession.

What stroke of luck or generosity will bail him out this time????

What a soap opera! Somebody should write a book about this guy and title it "How NOT to invest in the stock market".(g)

Isopatch