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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (5527)	3/3/2001 12:33:42 AM
From: Libbyt	Read Replies (3) \| Respond to of 57684

> i'd rather play it short on certain stocks much better momentum and safer...< Mark, do you hold your short positions overnight....or do you close out a position near the end of a trading day? You know how greed can get out of control on the upside, now it looks like on the downside as well. During 1999 most people did well with long positions in so many of the tech stocks. After March of 2000, most people would have done very well holding short positions. It just IMO seems a little "too easy"....and I would be worried that the potential for an interest rate cut before the next FOMC meeting, plus the very large number of short positions in so many of the tech stocks could lead to a fairly significant short squeeze. I listened to some of Greenspan's testimony today.....and I felt he was very "clear" in his answer to one question....that he didn't want to have his position of a possible inter meeting rate cut known. (Leading to the speculation that he may or may not have a rate cut before the next FOMC meeting.)