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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (84583)	3/23/2001 10:05:15 AM
From: Shack	Read Replies (2) \| Respond to of 436258

LOL! Yup, you got a good name for this one? It sure looks like we've been here before. I am long some tech trash just in case I'm wrong. Its too early for my semi shorts yet, it has enough momo for another little push but I will be in there this aft.

To: AllansAlias who wrote (84583)	3/23/2001 10:11:33 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 436258

AMAT gapped up 2 at the open. Judging by the volume thus far (11 mil in half an hour - average daily vol is about 26 mil), one helluva distribution is going on! Besides, the stock has a stiff resistance in the low 50s!

To: AllansAlias who wrote (84583)	3/23/2001 10:18:00 AM
From: Perspective	Read Replies (2) \| Respond to of 436258

Think like a Clown. I believe this is one of those 20-day rallies, and I believe we just nick overhead resistance - horizontally and on the Sept. TL. This should produce an incredible shorting opportunity next month. I think Naz 2300 within the next few weeks is likely, more likely than BK, and have adjusted short position to 25% to ride it out should it occur. That is my minimum short position in a bear market. My unhedged exposure is 50% Dow-type stocks, 50% still-ridiculously-overvalued Naz100 stuff. I'm going to fight the urge to go Clown long here, and just keep trimming the short position to 25%. I don't think this ends up as an island reversal. This market is due for a rally, and we finally got some Dow giving - with plenty of Naz relative strength - to make it possible. There are lots of inexperienced shorts out there that are probably learning their first lessons about the mechanics of equity management in short-selling. This rally could get violent. BC