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

To: GREENLAW4-7 who wrote (25302)	5/29/2001 4:49:01 PM
From: Ron Dior	Read Replies (2) \| Respond to of 37746

Alright I'll stop clapping now. LOL Blow past 1600? yikes. GreenLaw if you peg that one I might have to stand and clap at the same time. Can't say I agree but nothing would shock me. Ron Dior

To: GREENLAW4-7 who wrote (25302)	5/29/2001 10:41:06 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

"Short the crap stocks"? Which ones are those which haven't already fallen? I wouldn't touch SUNW at 39 billion market cap but I wouldn't expect more than a 15% drop from here. It already got hammered today, especially after hours. So shorting from here when much of the damage is priced in is not that great a bet. Shorting during the 350 point rally a few weeks ago was a much better idea. Don't short during sell-offs, buy. And vice versa. Many of the other "crap" out there like PALM for instance is sitting at or near its bottom. PALM has only a 3 billion market cap now. Consider that. What else is "crap" which hasn't already been pole-axed down? LU at 8.5? It's oversold because it's got a billion shares of Agere which is a great company making money. I would not say we're at rock bottom here and we might test 2000 again but we're not in any grave danger of crashing back to the lows of the year. Greenspan has put a stop to that for good. I mean how much farther down can they go without attracting smart money bargain-hunters? INTC is 2 points away from no-brainer bargain buy price for instance. AAPL is looking very cheap with $11 a share in cash. S0oftware companies are doing well. And storage won't be down for long. Nothing has changed from a few weeks ago when we were rallying away except predictable profit-taking and some resumed shorting at or near the bottom. The Fed's still gonna cut, the net-related stocks are still gonna have poor earnings (watch ORCL next) but the net itself is still booming as it wireless and both will continue to for the rest of our lifetimes. Just a matter of picking the winners at the right price and holding. Or buying dips and selling rallies. Or shorting rallies and covering dips. Same difference. I would buy SUNW at $14 but I'm a cheap bargain-hunter, and it may never get down below $15. As for the this summer I think we'll continue to be range-bound and that makes this a traders market. Doing the exact opposite of what the market is doing seems to be the best plan. And also having a few oil stocks makes sense. Considering their huge earnigns and in some cases tiny PE's you're smart to own a few. I have UCL and P. Wish I hadn't sold my VZ because that is also going to be a steady winner. They are also a logical white knight for LU by the way. Today bought LU, PALM, UIS and UCL and will buy more if we dip further. Would love to get AAPL at $20, NOVL at $4.50 and LOR at $2.50. All stocks with large cash/asset bases relative to market caps. PALM I believe is a the next most logical takeover target along with Handspring. Mergers and qcquisitions departments ought to be busy this summer. LU was a misfire but someone will grab them for a batter price. ALA was fooling themselves. LU still has a lot going for it once they get through this credit crunch. And they wil.