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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (11639)	2/23/2001 3:24:20 PM
From: Mike M	Respond to of 30051

Not nice to threaten your "turnips" that way.... I think that is what we do also... The PO boys have set the little guys up for a weekend of despair if it does sell...

To: Zeev Hed who wrote (11639)	2/23/2001 3:33:33 PM
From: manny t	Respond to of 30051

Zeev, What about all the SHORTS who fear that the FED reduction will happen next week? Who would want to hold shorts over the weekend? Manny T.

To: Zeev Hed who wrote (11639)	2/23/2001 3:33:55 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 30051

Zeev: Wayne Angell apparently said there is a 60% chance of a Fed cut next week; hence the bounce.

To: Zeev Hed who wrote (11639)	2/23/2001 3:38:27 PM
From: Chuck Williams	Read Replies (1) \| Respond to of 30051

Zeev, May the turnips forgive me, but I think I'm holding over the weekend... No guts, no glory! Chuck

To: Zeev Hed who wrote (11639)	2/23/2001 3:47:52 PM
From: LiPolymer	Read Replies (1) \| Respond to of 30051

This looks like the converse of a year ago when the bulls were in control. Back then the market often got sold into the close on Friday, now often lately we see it getting bought. Shorts don't want to "hold" over the weekend, especially with the Fed having at least one wild card up their sleeve. I firmly believe we will see the opposite extreme of about 1 year ago, where shorters get way too far into the market and then some panic ensues on the way out. Sure, we now know that tech can be cyclical, but there is too much computing and communication infrastructure yet to be built in the next 2-3 years to expect that the Naz would need to drop below, say, a PE of 20 before we can call a bottom. AG's revelation in this "new economy" is "productivity" and he knows where those gains are really coming from. :) Have a nice weekend.