Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (12322)	4/5/2001 8:47:22 PM
From: A.L. Reagan	Read Replies (3) \| Respond to of 13572

I think this rally will fizzle, but I'm with the horsegirl that the next major one might not. After all my semi-bullish long-term posting yesterday on the thread, but in view of S/T "worse as it gets price targets" I went out this afternoon and shorted GTW, IBM, NVDA, PRGN, BEAS, SHM, AVNX, and WCOM. Tight stops, most are for hedging/trades xcept GTW which I think is like a $5 stock. Portfolio currently net 65% long, 35% short, no margin debt, no cash either. Still holding onto long positions in QCOM and ORCL established years ago, some NTAP and SUNW. L/T still bullish on EXTR but I went 100% short against the box late today, which, as sheer luck would have it, turned out to be a good move. There are more ARBA's and SCRM'ers in the woodpile, and until they are all flushed out, beware false prophets in bull's clothing. <g> I think there will be continued disappointments in the quarterly CC's w/r/t the near-term forward outlook. We still haven't seen the low volume grinding boring days that likely will presage any "load the truck" days. Greg calls it base-building, I'd call it capitulation of both buyers and sellers, means the same thing. Valuations have yet to get ridiculously low, I think they will in the NAZ 1350-1500 range. All IMHO, feel free to critique or take it FWIW.