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To: LLCF who wrote (96178)4/19/2001 1:03:11 AM
From: patron_anejo_por_favor  Respond to of 436258
 
<<The end is near IMO, I bought June 10,000 pooots on DOW at the close and will be a buyer over the next couple of weeks>>

Junes and July's will be the way to go. With all the spin being given to "things being now at the bottom", the markets have now effectively priced in a "v-shaped" recovery. If warnings persist or worsen (especially after another 100bp's cut) it'll be game, set and match to the bears.

That said, I'm staying flat with a few crash poots and selected day traded longs, at least until we get a decent retrace/retest. Naz 2500 is not out of reach by the end of April, imo.



To: LLCF who wrote (96178)4/19/2001 12:37:03 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
i agree, and i'm also buying puts. started yesterday and added some more today...also plan to keep adding in coming days. too much exuberance already...p/c ratios back in mania territory (no lessons learned yet, it seems) and mufu inflows have immediately rebounded with the market...the REAL rally will be accompanied by OUTFLOWS.