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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Shaw who wrote (851)3/7/2001 11:04:27 AM
From: Shaw  Read Replies (1) | Respond to of 5144
 
OK Cush: TOTALLY OT.

In late October '00 I was long NT 110 calls ahead of earnings. A guy in my building who knows absolutely nothing about the market asked me what a call was. I told him and asked why he was asking. He said it was because he heard from his co-workers that he should be buying NT calls because they will beat estimates. Should have been my sell signal right there. Kinda like the Joseph Kennedy story before the 1929 crash <g>.

Well today he just gave me another tip. This one was: "Short the rally. It's for suckers".

Sheesh should I buy tech across the board <ggg>. Tough call.

Then again if this YHOO halt signals bankruptcy er something the guy may turn out to be totally correct, today!!!