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To: Zeev Hed who wrote (12927)4/23/2001 12:30:36 AM
From: Boplicity  Read Replies (2) | Respond to of 13572
 
the key to that post was the put up or shut part. They failed to just that. Now we are getting a different story. In January they were worried, but still in denial, now they have accepted and are reacting. It's pretty simple and classic really if one thinks about it. You don't buy when they are building plants left and right, you buy when they are closing them, and laying people off.

I don't know Zeev, if 13 months of selling from 5000 to 1600 doesn't qualify as Chinese torture and desperation all wrap into one, I don't know what does.

B



To: Zeev Hed who wrote (12927)4/23/2001 1:06:33 AM
From: pbull  Respond to of 13572
 
Greg wasn't the only one:

It Looks Like Up To Me By Bill Meehan 1/19/01
I continue to see the Composite reaching the 3450 area in relatively short order, and traders should continue to view any pullbacks as buying opportunities. Naturally, the favored way to play the game is with tech stocks or rocket-powered derivatives. The higher the beta the better, for now.

Does it make any sense to take something off the table Friday morning? That's the prudent thing to do, but I don't see any reason not go into the weekend with fairly hefty trading positions. There's lots of cash wanting to get in and there's very little in the way of new supply. The Nazz has been down so long it looks like up to me; and rest assured, we'll hear a similar tune from Wall Street's finest over the days and weeks ahead.

thestreet.com
PB