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Strategies & Market Trends : ZenWarrior's Trading Paradise -- Ignore unavailable to you. Want to Upgrade?


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 ;-)



To: FLACK who wrote (265)4/3/2001 12:27:39 AM
From: vagabond52  Read Replies (2) | Respond to of 2462
 
all about FLACK...

...some here may not know FLACK or his reputation...personally, I wish I knew him better...I only know him from DrBob's board...but, for that I'm grateful for what I've learned of the "dark side."...

...FACT:...many of us have suffered endlessly on the "long side" over the past year...FLACK, among others, have attempted to teach us the "other direction."...

...FACT:...profits on the "short side" have come more quickly to the shorts over the past year than came to the longs in previous years...

...FACT:...FLACK has been very forward, open, and honest about trying to educate many "newbies" to the "other side."...profits are made on the "other side"("dark side") more quickly than those trying to grab big profits on the long side...

...FACT:...best thing this forum can do is embrace the knowledge that folks like FLACK(thru many years of experience) can impart...

...FACT:...I'm a positive person, just like Zen(I love Zen's style)...but, I've learned that we need to pay attention to FLACK...

...Conclusion: I'm hoping that FLACK will continue to spread his knowledge on this board, even if it conflicts with Zen, myself, and others...

...Ed