To: FLACK who wrote (265 ) 4/3/2001 12:06:37 AM From: ZenWarrior Respond to of 2462 LOL Flack. It's called balance (others would say utter foolishness, or balls of steel). Everything in life is a pendulum, and balance is the key to that pendulum. I like trends when they are appropriate, but I tend to believe we're very close to a bottom w/ the current trend, and when it reverses, there will be *lots* of money to be made. There is too *much* fear out there... and when there is too much fear, then you know it must be balanced by greed soon enough. With KLAC right at a level from where it has bounced back many times... well, I couldn't resist. I will be very, very surprised if KLAC isn't at 45 within the next 2 weeks. That's a 300%+ gain on my Calls. I can deal w/ that. If I lose, who cares? I'm not risking much money on it. Still, I give myself a good 80%+ chance of at least getting a double out of it. Most likely, I'll get my 300%. BTW, I think CSCO will hit 10-12 IMO. It is still too overvalued for my blood. I've never been a big fan of MU, but it is somewhat undervalued along w/ the entire SOX index. I wouldn't buy NT, NOK, AOL or QCOM. If we do have a continuing bear session, AOL will go down w/ it hard IMO. It is *way* too pricey at this level... way too much hype in that puppy, regardless of its impressive business strategy. When CSCO hits 10, then I *know* we're at a bottom. Right now I'm just playing the obvious bounces. I probably should consider AOL and CSCO Puts, but hedges don't make much money... though I highly recommend them in the current market, for safety's sake. Buy Low. Sell High. Now who has the balls to buy low?? Yeah, I know... most T/A's would answer, "No, buy high, sell higher; sell low, buy back lower." Oh well... never did agree much w/ that. - Zen ;-)