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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (10430)	4/13/2001 10:19:06 PM
From: hobo	Read Replies (1) \| Respond to of 10876

SOME posters in SI are worth reading, not all. If you step outside the strictly stock talk, the majority are just a bunch of ego-maniacs with their own truths, never to be questioned. Best is to just say: "ya sure" and shut up to their mumbo jumbo. Even better... stay off those threads. Yahoo and Raging Bull are just a cyber-extension of funnyfarmville central. IMO not worth the time. the mutual fund investors are still there...they were not wiped out like the margin buyers of technology were. If they keep pumping money into technology stocks. This, combined with the fact that we are NOT about to fall off a cliff of world-wide financial disaster as some of the fatalist seem to scream about, will keep the market somehow alive, volatile, but alive. I believe that the mood turned so bearish simply because the valuations of some .bomb businesses was unsustainable and as we have witnessed they have become Internet ghosts. In addition, I highly doubt that the retail investor was leading the cabalgade of sellers, once again, I think it was the pros leading the march. I mean... Pets.com ? that SHOULD have been a sign that we were about to fall off the crazed valuation cliff. I belive that what we witnessed from September on could be a prelude to what might happen in about 7 or 10 years when every single baby boomer will call their respective mutual fund office and say... "Ok I want to retire now and so I would like to start cashing in..." Then, we will see the proof that what makes a stock go down is that there are more sellers than buyers. just that simple. T/A will be of little help, the fact that there will be more sellers than buyers period will seal the fate of the long bull. Can T/A anticipate that...? well, we will see. All T/A can do is give us a "clue" as to what might happen, the reason there is a degree of reliability is because so many people follow it. I have no idea what most people will do, all I can do is observe and act accordingly, AS THE MARKET SHOWS ME, if I am wrong I will get out of the position I took. The demise of the internet companies has been a blessing for Microsoft--less threats to its core businesses. Ah yes and... are they not sitting in a mountain of cash that continues to grow ? Beats the hell out the IPO of www.crap.com doesn't it ?

To: t2 who wrote (10430)	4/15/2001 7:25:48 PM
From: Poet	Read Replies (1) \| Respond to of 10876

Happy Easter, thread. I've taken a few days off and will be trading and posting only part time for a while, as I've started to focus on my writing again. Please feel free to keep things going here and I'll be checking in. Here's a warning from Hahn this weekend: For Monday, April 16: After a 1000 point rally in the DJIA and a 14% rally in Nasdaq, at least some retracement is to be expected. Additional rallies are possible, but technical targets are just a little higher and should offer substantial overhead resistance. The Federal Reserve has been rapidly inflating the money supply in a last ditch effort to prevent a market crash. If you are long this market, be aware of the cause of the recent rallies. Additional market advances depend on continued propping by Alan Greenspan. Attempts to reinflate the stock market bubble will eventually terminate in the predictable way all bubbles end. Also, my apologies for unanswered PM's this weekend. I'll be on top of things tomorrow morning. I've got two teens huffing and tsking that I'm using the computer. Life back to normal tomorrow.