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

To: American Spirit who wrote (17679)	4/20/2001 8:24:37 PM
From: besttrader	Read Replies (1) \| Respond to of 37746

My only mistake was thinking irrational exuberance was dead near the bottom. What I didn't realize was that it was there all the time, I just couldn't see it. Guess it will take one more triple waterfall to squash the irrational exuberance. How much longer are we going to have stocks like PDLI trading at P/E's of 5862?

To: American Spirit who wrote (17679)	4/20/2001 8:56:53 PM
From: jjetstream	Read Replies (1) \| Respond to of 37746

<Take the weekend off to re-thikn your strategy, all of you shorts. Or you're just handing us longs your money> Still money to be made with selected trades going short AS, MRK paid nicely......trading selectivly can still bring home some bucks.....

To: American Spirit who wrote (17679)	4/21/2001 1:18:24 AM
From: cthd	Read Replies (2) \| Respond to of 37746

"Calm down. Bears won nothing today." I think the bears are playing the market perfectly right now. Nothing would have been accomplished if the bears tried to take the market down on Friday. Think about it.... What better way to set up the market for a big fall then to do nothing on Friday (hook the more optimistic bulls in) then proceed to take the market UP (yes, UP... and sucking in more bulls) at the open on Monday to around 2200 Naz by going long... then sell off and go short with a vengence aiming to break the 2100 level. By then, longs will realize what is happening and begin selling helping the shorts push the Naz through the 2000 level. Yes, all this is very hypothetical, but that would be the most efficient way Bears can take the market down by creating enough room for momentum to build up. CTHD