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

To: Onedodd who wrote (22620)	5/13/2001 9:17:51 PM
From: Jane4IceCream	Read Replies (1) \| Respond to of 37746

I feel that biotechs/pharmas will be moving up tomorrow with all the great news coming out of the ASCO conference held this weekend. Look for Imclone <IMCL> to make a nice move especially thanks to the reported results of their cancer drug <c225> and the backing of many prominent scientists in the field who have studied this. Onedodd.....great post! Follow the trend! Jane of California

To: Onedodd who wrote (22620)	5/13/2001 9:17:51 PM
From: Jane4IceCream	Respond to of 37746

I feel that biotechs/pharmas will be moving up tomorrow with all the great news coming out of the ASCO conference held this weekend. Look for Imclone <IMCL> to make a nice move especially thanks to the reported results of their cancer drug <c225> and the backing of many prominent scientists in the field you have studied this. Onedodd.....great post! Follow the trend! Jane of California

To: Onedodd who wrote (22620)	5/13/2001 9:38:40 PM
From: HandsOn	Read Replies (1) \| Respond to of 37746

Velo does not spread doom and gloom, just tells it like He sees it. I personally have not shorted Yet but I like to hear His side of things as well. Based on my observations Velo and Sharch are willing to share their opinions and expertise here, which is rare these days on SI and I have been here since May 98. We could all make more money if We followed there lead, and just focus on sharing our DD on stocks, trends, and making money as a cohesive unit who all don't have to agree on everything. When You pull the trigger, it's solely Your responsibility. Plan the trade and trade the plan.

To: Onedodd who wrote (22620)	5/13/2001 9:52:11 PM
From: velociraptor_	Read Replies (3) \| Respond to of 37746

<<fantasy you pessimistic bears have created about the Naz being as highly valued now at 2200 as it was at 5000.>> What? No fantasy about it, dude. Where have you been over the last 6 months as earnings and growth have fallen off the cliff? Please explain how this does not make the index as overvalued now as it was at 5000. At Naz 5000 a stock priced at 10 and earning 0.10 per share would of had a P/E of 100. Now that same stock is trading at half value at 5 but only earning 0.025 per share giving it a P/E of...100. Bottom line, it's still overvalued just as much. Just because it's trading at half value doesn't make it cheap and undervalued. Show me one article that says earnings or growth have been up or even flat over the last 6 months. You can't...in fact, estimates are still for the next reporting quarter to decline earnings another 12% overall and another 5% for the following quarter. And only 1-2 months ago, they were all saying it was going to bottom early summer. Now we're looking at 4th quarter before a recovery even attempts to start. What am I missing to make your comment correct? <<you will see an acceleration to the upside in earnings once again>> See my last few sentences above. Deceleration has yet to stop. <<if you think there is much to gain on the downside you are delusional as the rate cuts WILL kick in soon enough>> Rate cuts have done nothing except lower the short term rates at which banks lend to each other. Longer term rates at which over 95% of individual and corporate borrowing occurs have done squat. Besides, consumer and corporate debt levels are at historic highs, savings is negative, and repayment of the debt is declining. We can't borrow our way out of this mess if we are already borrowed to the hilt. Fed rate is down from 6.5% to 4.5% and will likely drop even more Tuesday. A whopping 30% reduction in rates over the last 4 1/2 months so far has done...yup...nothing. Doesn't this alarm you? Makes me wonder what the hell is going on. <<Greed is such a blinding phenomenon.>> And I suppose that the expectation that the market should go up more after EMLX returned 300% in a few weeks or even the indexes gaining over 30% in a few weeks is not? Come on.... << What is the difference in calling 10,000 like last year or calling 850 this year?>> The difference is that the economic numbers and earnings fully support and justify the latter, and NEVER supported or justified even 1/4 of the former. Show me how they have. As I said, I call a spade a spade when I see it.

To: Onedodd who wrote (22620)	5/13/2001 9:59:30 PM
From: jeffersonkeith	Read Replies (1) \| Respond to of 37746

Pretty animated rant from someone who is apparently trend friendly. And although many who follow this thread might feel the market is still a whale most play both sides with ease. Furthermore, it's not at all uncommon to have a preference or specialty just like in any other vocation...discovering your strengths and limitations is paramount in any line of work with trading being no exception. FWIW, you might want to get that cargo ship ready!