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

To: American Spirit who wrote (18304)	4/24/2001 8:28:38 PM
From: Paul A	Read Replies (1) \| Respond to of 37746

Hope it works out for you.. but im sitting here tapping my feet waiting for you to extend a congrats to me as well :) I stuck by my thoughts (mostly mooched from other, more intelligent traders) and stayed short the semis, despite Greenspans surprise and the break of resistance on the big boys.. I cleared the table on my trading position of CCMP for the biggest profit thus far this year.. I cashed in only because it has been such a difficult week to fight between my temper, and what I believe in my heart would play out.. I came very close to being stopped out, but luck had it in my favor.. I still feel the semis go lower, and although I dont think the market has much downside right now- thats only because I see the circus atmosphere coming back where people just want to buy buy buy regardless of the fundamentals.. I could disagree with you more on LU.. I know there are alot of very intelligent people working there, the R&D is tops, etc etc blah blah- but management drove it into the ground and I cant understand why anyone would buy at this point unless your facoring in a potential buy out.. I also cant believe how the media, and alot of bulls are spinning positives on this market.. no matter how hard I try I cant see a single ray of sunshine at the end of this tunnel.. The battle with the semis really has left me stressed out, but most of that comes from the blatant lies and trash that is allowed to air on CNBC. COnditions are getting worse on a daily basis, and of cours I understand it has to bottom eventually and as they say- darkest before the dawn, but some of the thoughts that come out of these analysts mouths borders on criminal. Its very upsetting, and im glad I stuck by my guns.. Im actually sorry I covered the bulk of my positions, but my health is more important then making an extra few thousand.. Ill be watching AMAT and MU to see how they play out now that they are once again below those magic numbers.. CCMP is just an over priced stock, and was squeezed to high heaven.. Winning that battle has left a glow on my face :) good luck.. hope the market continues to make money for people no matter what way they are betting.. but I doubt it..