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To: patron_anejo_por_favor who wrote (96599)4/19/2001 9:00:04 PM
From: limtex  Respond to of 436258
 
pf - The core of teh bear brigade iscomposed of some very big hedge funds. That was what slaughtered the bulls. My guess is that it is only human nature that these hedge funds became flushed with their own success and greed got the better of them.

A long's loss is limited but a bears is unlimited and a sustained rally can disembowel a bear.

Still imho we can't break through 4,000 until we have had a bear capitulation and that could cause a great deal of finacial embarrasment as some of these short hedge funds are forced to bail out and get their capital called.

L



To: patron_anejo_por_favor who wrote (96599)4/20/2001 12:30:21 AM
From: ild  Respond to of 436258
 
Patron, Very many bull clowns sold at very bottom and subsequently shorted. They became bear clowns. During last two days they were destroyed. My guess they covered and went long. I hope they are about to be destroyed again.
Ameritraders are ALWAYS on the wrong side.


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