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To: Baton who wrote (50699)4/18/2001 12:37:42 PM
From: moufassa7  Respond to of 57584
 
Baton, no guts, no glory. In January, Naz closed @ HOD, opened a little higher and tanked for 3 days after rate cut. Maybe tomorrow would be better to SS. I have no positions now. Just sitting back with a nice fat Te Amo, feeling Like Red did after the Celts crushed the Knicks. Those were the days.



To: Baton who wrote (50699)4/18/2001 1:00:08 PM
From: Ross Reller  Respond to of 57584
 
I just shorted duk. They had a great earnings report yesterday but can't stay up today. I'll exit when I get a couple pts.



To: Baton who wrote (50699)4/18/2001 1:07:46 PM
From: American Spirit  Read Replies (1) | Respond to of 57584
 
Don't short into this, buddy. It's mid-way through the upward correction which started 10 days ago. And another Fed cut in three weeks. Bears are shattered today. They'll never be able to get away with what they've been doing the last 3-4 months. Short 20% higher Maybe. Most you'll get shorting is a small profit-taking dip, then back up again. Shorts made almost nothing Monday and Tuesday. They'l make nothing Thursday and Friday either. They need to hibernate for 3-4 weeks.



To: Baton who wrote (50699)4/18/2001 2:39:48 PM
From: Greg S.  Read Replies (2) | Respond to of 57584
 
I've been burned by nvidia before, on the short side. The company is a well-oiled machine. The only way to get them on the short side is just by playing the valuation game. And the fact that they're constantly coming out with exciting new successful technology (and plenty of hype to go with it) has a tendency to keep their valuations rich. The company itself is a gorilla and it's gonna stay that way for a while.

The only weak link, in my opinion, is the XBox. If their valuations are still sky-high when the XBox hits the market, I'd consider going short.

-G