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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (2655)3/31/2001 4:15:13 PM
From: kodiak_bull  Read Replies (1) | Respond to of 23153
 
Dabum,

"On a bright sunny afternoon, with Puccini blaring in the background, and from the "short" side, Nessum Dorm'maaaaa! Can I sing or what?"

I don't know if you can sing, but it's "Nessun dorma" not "nessum" (I know, you're going to tell me you were singing it in a Sicilian dialect). That aria is the sole saving grace of its dramatically worthless opera, Turandot; let's face it most opera is ridiculous, but Turandot (pronounced Turandot.com, I believe) is the worst.

As for the market and shorting, I don't think you're telling us anything new here, Dabum, but the question really is how much of the bad news and uncertainty is priced into an 1800-1830 Naz and a sub 10,000 Dow, and how much will be priced into it over the next 4-6 months.

As I noted a while ago, if you can look forward calmly and coolly to pricing in technology for the next 6- 9- and 12- months then you can pick a pricing point at which you will invest in SUNW, CSCO and the rest. You can also wait for the bottom, and assume that there will be some blowoff capitulation which will take you to a bottom (without scaring the bejesus out of you) at which point you will mortgage the house and buy, buy, buy and never have to work or worry again.

Or you can try to trade technology in the 1700s to 2100s range for the next 2-3 months, hoping for recognizable dips and sizeable rallies. Fwiw, the Naz bounced off 1794 last Thursday and 1794 yesterday. I don't know if we need a triple bottom to start a rally, but there might be another 1794 coming this week.

Good luck to all.

Kb