Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AllansAlias who wrote (70722)	2/23/2001 8:58:36 AM
From: JRI	Respond to of 436258

Here's my prediction....we'll see <G> To: Paul Shread who wrote (840) From: JRI Friday, Feb 23, 2001 8:48 AM View Replies (1) \| Respond to of 871 Watch us rally out of the down open....and then fade down before 11:00 AM....I think we're testing 2050 on the COMPX today (at least)....a hard down day on all indices would confirm crows...negate CLASS ONE buys....and set up the typical ugly Monday scenario.....crash will be the talk of the weekend...2000 penetrated, and maybe 10k too on Monday....then, Art Cashin will keep saying "everyone's waiting for Alan Greenspan"... Greenie and co. should get involved on Monday or Tuesday...(question is: Will it do that much good? A few hundred pts. rally, then back down? It may look like desperation)... I am starting to give more creedence to those who says Greenspan is reluctant to cut, reluctant to use those few bullets in the gun....I think this will manifest itself in that he will wait a bit longer (1800-2000) to cut then some think...and it may be the low end of that range....He is worried about being rendered impotent if he cuts too much (at the market whim), and inflation possibilities. But bottom line is: He remember recession '90 and Japan...he'll pump... (I reserve the right to be wrong!)

To: AllansAlias who wrote (70722)	2/23/2001 9:11:38 AM
From: Earlie	Respond to of 436258

Earlie form Earlie: As I noted last weekend, the strategy at this end is to whack them on the rallies, bleed off into the "bad hair days", and slowly build I-don't-care-'cause-I-can-live-with-'em "core" holdings. So far, so good. But as I also noted, the fundamentals are quite literally in free-fall, which maintains, even INCREASES, the staggeringly high PEs, even as share prices fall. Decisions, decisions. (g) One thing that is cast in stone at this end,.... I don't care how oversold we get, I wouldn't hold a "long" in this environment (except for junior gold stocks). The odds of waking up to another wave of hideously bad news is just too great. As I have mentioned before, in a bear market, the risk/reward equation favours holding shorts over night. And by the way, it's Friday. Markets in trouble have frequently employed Friday-Monday combos for major flops. Best, Earlie

To: AllansAlias who wrote (70722)	2/23/2001 9:11:45 AM
From: Earlie	Respond to of 436258

Earlie from Earlie: As I noted last weekend, the strategy at this end is to whack them on the rallies, bleed off into the "bad hair days", and slowly build I-don't-care-'cause-I-can-live-with-'em "core" holdings. So far, so good. But as I also noted, the fundamentals are quite literally in free-fall, which maintains, even INCREASES, the staggeringly high PEs, even as share prices fall. Decisions, decisions. (g) One thing that is cast in stone at this end,.... I don't care how oversold we get, I wouldn't hold a "long" in this environment (except for junior gold stocks). The odds of waking up to another wave of hideously bad news is just too great. As I have mentioned before, in a bear market, the risk/reward equation favours holding shorts over night. And by the way, it's Friday. Markets in trouble have frequently employed Friday-Monday combos for major flops. Best, Earlie

To: AllansAlias who wrote (70722)	2/23/2001 9:23:51 AM
From: JRI	Respond to of 436258

One more for good measure: To:Paul Shread who wrote (871) From: JRI Friday, Feb 23, 2001 9:21 AM Respond to of 882 Paul, until we get some Fed action (PPT or rate cut), I can't see how every rally won't get met with overwhelming selling (distribution) from big players...The psychology is still "earnings will never get better; when is the next warning coming"....I question: If we quit getting these announcements (next week?), will stocks rally on NO NEWS? It makes more sense that they will continue to drift down until some dominant event can change the psychology. Since no tech company can do that thru earnings, I believe it has to a Fed move, in some form or fashion...of course, maybe the psychology could change as we getting closer to Fed meeting (and likely will)...but between now and then, how do we go up without a catalyst? The Fed meeting is so far away, we'll go down first. I think every decent intra-day rally gets sold, until Fed comes in....and this, basically, forces AG's hand... Whose gonna hold over weekend and risk a huge gap down Monday? Therefore, I think any rally today is doomed to fail too... All IMHO....believe me, I can change my mind on a dime-g-