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

To: besttrader who wrote (20635)	5/5/2001 12:51:55 AM
From: American Spirit	Respond to of 37746

I suggested several weeks ago that shorts hold off until May 15th to short. Not that I'm some guru it's just that it makes sense. A full point rate cut off a climactic bottom in a five-week period with better than anticipated earnings from tech leaders. Please. All this negative pablum may have gone down well 2 months ago but what we have here is a recovery fed cut rally out of a deep hole. NAZ 2150 is nothing. Think about shorting at 2350 or 2450. I tell you every time I have listened to cautionary shorts this month I have lost money but I am still up 55% in 3 weeks by staying long. Sure there will be maybe 2 profit-taking days in the next seven sessions but that leaves 5 up sessions. And buying on the dips has been very profitable lately, much more profitable than trying to short the rallies. Higher lows make that possible. I would advise everyone to just stay mostly long until the 15th. After that I have no predictions except that gas prices will be high and interest rates will be so low cap many companies will be enormously helped, esp the big telcos which have to borrow for their build-outs. Shorts are down to a few dozen favorite stocks to short like CIEN and Juniper. And they have to be so quick in and out to make a profit. It's all crazy. You make a lot more just leaving your money on an undervalued quality stock and watching it grow. Otherwise it's all about extremely accurate in and out timing. How can you sleep nights? There is simply no way the market is going to go down between now and the 15th. Not unless Greenspan hints he won't cut. And consensus is he will cut. Consensus is almost always right. Don't fight the Fed.