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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (3076)	4/17/2001 11:41:51 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

BTW, we must continue to tell the truth as we see them, only politely ... Message 15677946 Chugs, Jay

To: TobagoJack who wrote (3076)	4/18/2001 10:52:07 AM
From: SouthFloridaGuy	Respond to of 74559

Yes, agreed Jay. This rally is looking more and more like January. Ironic that it comes exactly 1 quarter (hehe), isn't it? I feel like I am living in a parallel universe. In the bull days, we would bid up stocks before the earnings report and dump the day before while the suckers would buy right before. Subsequently we would buy the dip and watch the stocks breakout from the pre-earnings high. Nowadays it's the complete opposite. Stocks are falling into earnings and then once the report comes out, they are going up. I suspect that the pattern will continue as the stocks that have popped will breakdown into new lows after a consolidation period. I am debating right now whether to put this years IRA allocation into USPIX or BEARX. With the recent rally in the Nasdaq and my study of past bubbles, I am now leaning towards USPIX.

To: TobagoJack who wrote (3076)	4/18/2001 5:21:14 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 74559

Wow, those Nasdaq shorts are looking tastier and tastier. Gotta wait until Mister Softee is done with taking this market higher. I suspect entering a short position next Monday would be prudent.

To: TobagoJack who wrote (3076)	4/23/2001 11:34:29 PM
From: Mark The Trader	Read Replies (1) \| Respond to of 74559

Its pretty amazing how all those stocks I purchased during March and wrote calls on rallied over 50 % in 3 days and got called on me. Today they were all under the strike price. Orcl called @ 17.5 , Sunw called @ 17.5 , Jdsu called @ 25. I am in the bearish camp and being back to almost 95 % cash I tend to want to be more bearish :_} I still own CSCO but I am not concerned about it because it’s a small position purchased in the low 20’s , was supposed to be a overnight swing trade until GSGO made comments on Japan so it became an investment :-} The pattern will probably repeat itself; market will flop around for a while and sell off when people get worried about earnings in 2 months. They will over do it again, and some silly catalysts will occur to make people think the slide is over and the shorts will cover and stocks will be bid up. Blah Blah Blah . I am still Day Trading on the short side because I just cant press the damm buy button unless its to cover :_} Looking for the market to come down enough for me to use the swing trade account again , o yea I only seem to want to go long in that account. For some reason I am a better short because I am by nature a pessimist.