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To: isopatch who wrote (90190)4/18/2001 3:24:34 PM
From: Roebear  Read Replies (2) | Respond to of 95453
 
isopatch,
We had snow near here also, third mountain north of the Great Valley. There was snow on the interstate from it sloughing off of trucks coming south, so they must have had a decent amount up there.

Guess that blows out my sudden warm spring forecast, I gotta learn to stick to what I know which is winters, but on the other hand the Heating Degree Days look to be coming in at least 3% under normal, so I'll chalk up the winter call as a winner, ggg!

Still PO'd about missing the New Years week snowstorm call by fifty miles, that would have been a good call from a few months out!

Best,

Roebear



To: isopatch who wrote (90190)4/18/2001 3:34:45 PM
From: SliderOnTheBlack  Respond to of 95453
 
Reality checks...

Interesting today - allthough quite expected; that the biggest celebrations are coming from those that have lost the most & are gaining back mere pennies on the dollars lost.

A mere few months ago on this thread; if anyone threw out the figure NAZ 2100 - it would have brought laughter & comments of - "it can't happen" - "it'll never go that low" and guess what; that's exactly what the Chihuahua's & PermaBulls did say.

So a Fed inter-meeting surprise cut - created massive short covering & floods of momenteum money pouring into the long side... hello ? Isn't this kind of a "Been there & done that" - Kodak Moment ?

... I think if I just took 1900 non-stop Bear Market Points up the Ass; that I'd hold off on breaking out the pom-poms just a wee bit longer; as to not to "ONCE AGAIN" be caught with egg all over my face buying into another rally only to get whipsawed again for the umpteenth time...

I'll reiterate my comments of NAZ 1800 to 2400 being "neutral" territory for me.

NAZ 1800 - STILL isn't cheap enough to make these stocks "value" plays for me; given their negative fundamentals, lack of visibility and most importantly - the still slowing US economy.

NAZ 1800-2400 isn't rich enough for me to short either.

1800-2400 hold little positive risk vs reward attractiveness for me.

For those who entered "fresh" here for longsided trades at NAZ 1600-1800 - Kudo's, nice move... some here made that trade; but let's separate those that did; from those that just got thru taking the Bear Train up the ass for 1900 non-stop points on the downside (VBG).

Personally; I still like Cash for BOTH offensive & defensive reasons and "if" I had made a fresh tech entry at 1600-1800 - I'd be ringing the hell out of the cash register today; it would all be gone - Ka Ching.

I like having the cash to short Tech on a sustained move to 2400ish if seen; given the present fundamentals & a slowing economy; or to add selectively long; either when & if they ever reach a "value" play level - ie: sub NAZ 1500 for me; or - for long positions when the fundamentals , visibility AND the US economy dictate.

I also like having Cash to go either long, or short the Oilatch here... I'm leaning more to the longside - as I think the API's will level out here over the next few weeks - I hope they do; as I want one last ride thru OSX 165ish and then I will be "all over" - the NEXT , "Big & Easy Money" trade in the Oilpatch - which will be out of the money & far out PUTs/Leaps on the mo-mo fav's.

I also like having Cash to add more Gold & Silvers on a re-test of their bottom if seen.

Call me Mr. Cash & Mr. Neutrality - with a healthy dose of PATIENCE in waiting for high reward/low-moderate risk opportunities... nothing more, nothing less ... and I don't see many out there at the moment...

Congrat's to those who "REALLY" do have something to celebrate about on this Tech Rally:

- you know who you are & "they" know who they aint (roflmao)~

... but; remember not to celbrate too much - untill you cash it in & ring that register ~