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


To: besttrader who wrote (17682)4/20/2001 8:36:15 PM
From: American Spirit  Read Replies (2) | Respond to of 37746
 
Can your short positions withstand one more .50% rate cut?
If not wait until it is over at least. And why do searches for the few stocks which might be overvalued when those that are undervalued are so much easier to find?

I've never heard of that stock you found but if you look closer maybe there's a reason. Maybe they just made a big genetic drug discovery or something. The cure for shortitis(just kidding).

I completely disagree that there's any bubble left or phony hype or irrational anything. The market is just starting to price in the future and company's potential again. Nowhere near like what they used to but somewhat more than last month. You're clearly taking the pessimistic view. Problem is the new consensus is we're heading into a recovery. And longs are making all the profits every day.

This Q's numbers (and next) will be all but ignored. You can't play warnings anymore. And if rports are better than much-lowered expectations the stocks will fly. CSCO's up around $20 now despite lousy earnings and zero guidance. The market just doesn't care, and won't again any time soon. The Bear market my friend is over. Let it sink in.