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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (17418)	4/19/2001 7:44:13 PM
From: Dave Gore	Read Replies (1) \| Respond to of 37746

American, many couldn't even buy stocks ABOVE THE ASK in the AfterMarket today. I even experienced it. I tried to buy some more CORV, for example, and got only 144 shares filled! I couldn't buy any ADCT or even any RHAT above the ask. Very bizarre, not sure if that means we will go nuts tomorrow but I found that interesting. BTW - I wouldn't be too quick to day that the BEAR market is over. It might be and it might not, but it appears that the Market really wanted to hear that some major companies are doing well and is even willing to look forward 6 months (or more) on the others like the NT's and CSCO's. Remember everything is based on RISK vs. REWARD. As stocks go up more, they will be less attractive and there are still some bad performing companies out there. I will be interested to see if the smart investors really push a MSFT up to $80 or $90 here, as it is a safer bet than a LU or CSCO or JDSU (which will go up in a panic rally but could easily fall back hard when reality sets in. This is a stock pickers market and there are still a lot of powerful people that really want this Market to go down. If they can't get the whole Market down, they will try to get the lower quality stocks to fall hard at some point.

To: American Spirit who wrote (17418)	4/19/2001 7:44:19 PM
From: GREENLAW4-7	Read Replies (2) \| Respond to of 37746

AS I agree it has been nice to see folks make money on the long side, but I really see 75% short covering as the power that took us from 1600-2200 in like 10 days! I sold my CORV and all my BIO_TECHs yesterday and went short. YES i am under water but no pain no gain!! The chip stocks will take this nasd back below 1950 by next friday!! If you look at the percentage move from the low we are now as we were in January. Once folks like yourself get content that we are in a bull market we will crash faster then we went up!! Be a smart trader and take profits. No harm in shorting stocks like PMCS tomorrow, or AMCC look at the earnings of these companies and where they have gone in 2-3 days!!!!!!!!!!!!!!!!!!! YES, I will be long CORVIS only when we get a pull back but until then I will stay on the short side! Cheers friend