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

To: Ron Dior who wrote (20651)	5/4/2001 6:21:10 PM
From: American Spirit	Respond to of 37746

Can't buy 'em all. Very happy with the moves today buying this morning as I did. Spend almost a hundred grand and now am almost fully loaded with large positions in VZ, AAPL and WCOM. If we pop next week I'll really do well. But I'm ready to trade them at least once next week too if necessary. Ralies can be fast and furious. You can definitely save and shave 10-15% here and there if you don't mind the commissions and hassle. As least for today it was sure good timing. When I saw WCOM at 17.75 and AAPL at 24 I had a hunch we were oversold with no downside so I jumped fast. No charts and Fibonacci numbers needed. Then the spin on CNBC quickly changed into BIG FED CUT A SURE THING then up we went. Bought as much as I could as fast as I could, all at market prices. Now up 55% from the low 3-4 weeks ago and my positions still look pretty cheap. Definitely some nice upside there from a value perspective or any perspctive. Just wish I hadn't sold my SCNT and NTRO. Bought METHA instead and hold LOR as my two dogs. Though WCOM has been a big doggy lately. As you know when the techs rally almost evrything pops so just take your pick. Also grabbed an oil stock. That and my Baby Bells are defensive but also have growth potential and seem solid at this range. So no worries other than daily fluctuations. For the life of me I still don't understand why some think we're still in a downward bear market. At least until Fed cut day I say we have a window of excellent opportunity with Greenspan watching over us longs like a guardian angel.