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

To: DebtBomb who wrote (17731)	4/21/2001 1:59:25 PM
From: American Spirit	Read Replies (3) \| Respond to of 37746

Why look backward when techs were 60-99.5% higher? The tide has turned. Until you recognize that your evaluations will be skewed. The Fed is on the side of a recovery and MSFT, IBM and INTC just beat. Sure there are some disappointments but that's last Q when business just stopped suddenly. A one-time phenomenon. Expect it to resume, and suddenly, though none of these stocks except IBM maybe will break old highs anytime soon. Some will only go from 99.8% down to 95% down. But that's a 400% profit. But look for cash value in your picks. NOVL for instance is selling at 4.5 and has 2 bucks cash and 1.5 bucks real estate and stocks. LOR sells at 1.5 and has 15 bucks in asatellite assets. SCNT has 100 mill cash and a mc of less than that. LU just made a billion on Agere's pop and its optics business is suddenly worth maybe twice as much as at first feared. That's a 5 billion dollar pop right there which equals their entire debt. How can you argue with cash and hard assets? Then when growth resumes, factor that in too. You have to begin to look at the positives not the old fear and loathing pessimism. The tide has turned and the Fed has finally given the market what it needed. The market tanked last month when the Fed didn't move .75. Now they just added that .25 plus an extra .25 and another .50 likely coming in three weeks. Why fight that kind of power? The fact is, you can't. You can only scalp tops as a short here and that's very very stressful. Requires pin-point timing before buying resumes. I personally am not a day-trader so I can't micro-manage every tick and close positions every day. I take short-medium term value positions. In this upward market that should make me money. And has been lately. And I can sleep nights. Everything's popping and you're thinking short. I'd wait for this rally to top out in 3-4 weeks before thinking short. Maybe take a vacation and get the market off your mind. Longs should have taken a 3 months vacation from December through March. Would have saved them a lot of money.

To: DebtBomb who wrote (17731)	4/21/2001 2:29:09 PM
From: besttrader	Respond to of 37746

Every bubble the bursts ends up 90% below the high.

To: DebtBomb who wrote (17731)	4/22/2001 12:34:44 AM
From: maverick61	Read Replies (3) \| Respond to of 37746

Dale, I would not expect AS to answer your questions. You really need to check out his history. There are more people on rande's thread who have him on ignore than who read his posts. I personally find him dangerous to newbies reading these threads. While I doubt that affects anyone here at Sharck's place - here is just a taste of some of his history: Just today - AS admits he doesn't even know what a current ratio is: Message 15699291 Message 15699379 Message 15699429 Message 15699432 Message 15699536 A couple days ago - he admits that until this January - he never looked at at earnings, market caps, cash, debt, etc. in picking stocks and that he doesn't understand technical analysis Message 15692821 Message 15693024 Message 15693024 His idea of being right is - He can make a call on a stock, it will go done for 6 months, then recover - and he thinks he is right. In fact he says - and I quote "I bought and plugged ANF and BEBE 15 months ago and no one listened. They went down and down. Finally six months later they tripled. I was right in my reasoning but the market was against me at the time. No one even understood why. Those picks were just scary to people until others bought first." HE DOESN'T UNDERSTAND HE WAS DEAD WRONG FOR 6 MONTHS - and just bouncing back to even after 15 months of making a call is not a win !!! Message 15695548 Message 15695763 OH - and then of course there is his lieing about his gains and being nailed red-handed: Message 15340911 Shoot, He has been calling LU since $30, WCOM since $40, LOR since $8 among others. Anyone who doubts me - just go to Rande's thread and due a search on those tickers. You'll find post after post from AS endlessly pumping these losers forever. So Dale, to expect him to answer your question about interest rates and the market is expecting far too much. Now of course he is entitled to his opinion, but everyone should give it the weight that it is worth