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To: Archie Meeties who wrote (97689)4/24/2001 5:53:14 PM
From: stomper  Respond to of 436258
 
I think we just closed the day below pre rate cut levels...ineffective at best as far as rallying the buying troops I would say.

-dave



To: Archie Meeties who wrote (97689)4/24/2001 5:54:10 PM
From: Dalin  Read Replies (2) | Respond to of 436258
 
The first cut is the deepest!

Who sings that song?

....besides Greeny...

:0)

Ramblin



To: Archie Meeties who wrote (97689)4/24/2001 6:30:22 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
Comparing the Fed surprise rate cuts

Posted By: Baja Fish Taco
Date: Tuesday, 24 April 2001, at 4:45 p.m.

October 15, 1998
25 basis points
Cut came late in the day. Nasdaq closed at its high at 1611. The next day, the Nasdaq gapped up, and 1611 has NOT been seen since that day. At its all-time high of 5133, the Nasdaq gained 219% after that rate cut.

January 3, 2001
50 basis points
Cut came at 2292 on the Nasdaq. Rallied 15.4% before pulling back to 2300 (but that didn't go below the 2292 level). Rallied 26.18% (to 2892) before the Nasdaq fell below 2292.

April 18, 2001
50 basis points
Cut came at 2025 on the Nasdaq. Rallied 8.79% (to 2203) before the Nasdaq fell below 2025 today.



To: Archie Meeties who wrote (97689)4/24/2001 7:59:54 PM
From: Jumper  Read Replies (1) | Respond to of 436258
 
>>Rate cut magic grows weaker<< but BSGC grow stronger!

yes indeed, bottom slapping game show contestants continue to walk away with fabulous cash prizes - even in this recent fear induced air pocket. Firmly biting into the A@S of life continues to be my game of choice.

My new broker-dealer, Lenny Bruce, (he arose from the dead on easter monday for a limited engagement at the ihub) rang the register on QLGC, CIEN, SUNW, & SNDK late last week - calls and stock. "Put down your hand held wireless devices and grab some of the good stuff" he said- what a champ!

Lenny Bruce, in his infinite wisdom (or dumb luck) rolled me into small cap drugs saying only that Lady Liberty loves to get high on quality product.

Holy smokes! I have buckets of VASOline @ $3.10, lots of good rough lovin' from the likes of GZBX at $3.99 @ $4.19 and I am back for more GZTC at $5.15...tgx which is up a bunch etc., etc., buy some more, etc.,

My good doctor prescribed some Durameds for me the other day at $6.3 while reminding me that although I have no use for the product, nor should I get promiscuous with someone who does, that the stock was holding up well.

Go forth and slap some bottom.