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


To: ItsAllCyclical who wrote (2803)4/3/2001 11:05:37 PM
From: Gottfried  Read Replies (2) | Respond to of 23153
 
JimL, thanks. Two guys on the AMAT thread have observed bid size much greater than ask as soon as the stock hit 40 and below. Message 15607549

G.



To: ItsAllCyclical who wrote (2803)4/4/2001 12:01:04 AM
From: chowder  Read Replies (1) | Respond to of 23153
 
Hi Jim! >> Might be a tradeable rally shortly, but it certainly doesn't feel like it. <<

Funny you should say that. I felt the same way. With this in mind, I recalled how our January rally came out of nowhere. In fact, a lot of Wall Street pros were still out to lunch when the rally began.

I decided to cover most of my shorts today, still short KREM, and raise some cash just in case. Since we don't have any visibility as to what the catalyst will be, I'm assuming the next rally comes out of nowhere also.

Other than another unexpected rate cut, we only have the earnings reports themselves to look forward to. Perhaps when the terrible news is released, the stocks will start their upward trend, hopefully having priced in the terrible news already. I dunno!

I did sneak in on the long side, near the close, on a little GX, just for the sport of it.

I'll be watching energy too for a bounce on today's API's.

Watching and waiting,
dabum

PS - We may get to visit Christopher Columbus before we see a rally.