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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: GregS who wrote (6494)2/25/2001 8:43:52 PM
From: RockyBalboa  Respond to of 19633
 
The parrot has died.

Either AG poisoned it or the raging bull trampled over it. In any case it's dead.



To: GregS who wrote (6494)2/25/2001 10:27:35 PM
From: Tom Hua  Respond to of 19633
 
Greg, once the news is out what else is there to cause a short squeeze? There are significantly more longs than shorts in the market, in the current climate fear of a long squeeze outweighs short squeeze by a wide margin. Longs got burned so many times recently, everybody is waiting for a bounce to get out. I'll stick with my game plan, sell into the rally, sell long immediately followed by selling short.

My long-to-short ratio is at 4, and I suspect it'll drop below 1 if Greenspan cuts rate this week.

Regards,

Tom