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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (35276)	4/4/2001 9:38:48 AM
From: edamo	Read Replies (1) \| Respond to of 65232

donnie....true, i liked rmbs for its ip, but i'm not into self abuse....in a market like this, when support breaks down, and the basing channel is violated, it's time to exit swiftly.....if krem begins to trade lower, then it fits the above description....the difference between krem and dot coms is that it is profitable....so in my mind any short would be on momentum...which can swiftly turn for profitable companies... right now i'm back in cash...sold a major atml position in the high elevens when it began a low volume lack of buying interest breakdown....i am looking strongly at jdsu and atml for re entry perhaps via jan03 put sales....a jdsu jan03 15 strike was over 6 yesterday, atml jan03 7.5 strike approaching 2.5..... i still believe in semis and quality large caps...why because the dire news is reaching almost the level of last years happy news.... be cautious, preserve capital, wait for opportunity to unfold and prove itself...this is just a deep correction in a longer term bull market...no different then previous bear markets...the depth and length will long term just be another blip on an upward chart....cash is king...now is not the time to buy this market.....let it come to you....