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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (14809)	4/5/2001 12:46:31 AM
From: Paul A	Respond to of 37746

You sound bitter in that post!!! Regarding LU, sure the rumor was just that, a rumor- but have you looked at the condition of the once guerrila known as Lucent? Not exactly a place id be sticking money I want a return on sometime this year or next.. You really shouldnt label short sellers as the bad guys that steal from grandmoms and peoples children/retirement etc etc.. They are all lucky this correction has happened in such an orderly fashion! christ- you couldnt have given people more opportunity to get out on the way down than we did.. I think the next drop after this rally is going to happen in 1 week what took us 3 months to accomplish here. Prices are still out of whack.. alot depends on where the economy is in the next few months, but dont blame shorts for the bubble.. Our buying over the last few weeks is probably the only thing that saved this market.. All that money on the sideline refused to come back in- so one should ask why they didnt help the old ladies and children?? :)

To: American Spirit who wrote (14809)	4/5/2001 1:48:02 AM
From: Onedodd	Respond to of 37746

AMEN, That was very well put and it seems people are just ignoring exactly what you are saying. But I guess they will short until the market turns and forces them to cover. I did happen to be short the last six weeks and did fairly well. I covered last week thinking this has just gone way way to far. I guess I was wrong but it is almost identical to last March when we were at 5100 and alls I heard was 6000 next and the Nasdaq would pass the DOW and so on and such. The thing is that as many people that got burned last spring and summer when we came from 5000 to under 3000 isn't nothing to what will happen if this market really does turn around. Especially when they start panic buying to cover all these shorts in the market. Oh how fast some of these beaten down techs will fly, especially when some start to announce some really good news. I have to disagree with you on one little point though, I think we will see much more than some doubles on quite a few stocks. Don't we have something like record short interest right now? I hope you are right and the "irrational exuberance" of the shorts is beginning to slow because I am more than ready to go long. I was long last year and I shorted some this year and I must say personally I hate shorting with a passion. I get nervous when I'm short as I still have some left over exuberance from last year and in the back of my mind I still think this market will explode to the upside everyday and I'll be screwed! But it never happens, except for Jan 3 surprise rate cut day. Thank the stock Gods I wasn't short that day. I couldn't buy fast enough, I know I couldn't buy to cover fast enough.

To: American Spirit who wrote (14809)	4/5/2001 2:47:23 AM
From: Devin123	Read Replies (2) \| Respond to of 37746

Am Spirit I'm not one to get pissed, but your post had a threatening tone... kinda the sound of a man who made some bad calls and entered a bear market a little too early and has lost a shitload of money... maybe even about to go postal. I didn't like your post and its threat-undertones. Find a way to help guide us lost sheep and give ample reason that the silver lining cometh. Otherwise, shhhhhhhhhhh. BTW, my grandmother shorted LU at 60 and covered today at 6. ;)

To: American Spirit who wrote (14809)	4/5/2001 5:24:34 PM
From: Brandon	Read Replies (1) \| Respond to of 37746

Oversold huh? Put a growth PE on the Nasdaq 100 of 20...and it would be at 1100. Seems to me we could still be about 40% over valued..but what do I know. Another thing, beating this market down further is really bad for our country, the world, your grandmother living on her IRA, your neighbor losing his job and maybe even your own business, for those who have day jobs Trading is my job. I also advise around 850 people daily. Since March 28th of last year when we got a massive sell signal, have since had countless buy signals..going long has been stupid. And, bad for my job. Brandon