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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: KevinThompson who wrote (49494)	3/20/2001 7:33:39 PM
From: rocklobster	Respond to of 57584

Ok, maybe idiot was too strong.. my point was merely that shorting ahead of the meeting or going long ahead of the meeting would have been gambling in my opinion. what if the fed had cut by a full point? would the market have still stalled and sold off, or would it have done a ballistic 300 point move like it did when we had the surprise cut in January. I think it was a pure gamble to short ahead of the announcement. Besides,most of the stocks I watch were easy enough to enter near their highs after the announcement. Although probably less of one than being long, since the prevailing trend is currently down, and it was pretty unlikely that they would have cut a full point. just my opinion.. rok