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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Bid Buster who wrote (12283)3/19/2001 3:21:10 PM
From: American Spirit  Read Replies (2) | Respond to of 37746
 
I am 100% invested and everything but 1 up nice now.
I could sell but then most shorts haven't covered yet and thre are a tremendous amount of shorts out there now. Shorting into a fed cut has to be idiotic unless we go up 300 points by the close. Most techs still near historical lows. If anything I'll use stop losses but not until tomorrow. Last rate cut the peak was the day AFTER the fed cut. That was th day to sell and to go short. But this time could be different. We're SO low now. Could make for the squeeze of all squeezes if the big boys want to crush the individual and hedge fund short artists. Lu for instance still down from 70 to 11. Could move with 15 without much trouble. That's another 35% up.