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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (38696)	7/9/2001 12:12:40 PM
From: Sully-	Respond to of 65232

Good move Dealer. I just bailed out of a QQQ long position for a happy meal.......... 12:07 ET Technical Downgrades : Salomon Smith Barney downgrades EBAY (-4%) and MSFT (-0.5%) to Neutral from Buy. These downgrades are on a technical basis only. (Salomon frequently issues upgrades/downgrades of stocks based on their charts that do not alter the firm's investment rating on the stock). Ö¿Ö

To: Dealer who wrote (38696)	7/9/2001 12:21:48 PM
From: Dealer	Respond to of 65232

Yea Scott! Our Leader RR has really got the point across to us. "TAKE YOUR SMALL PROFITS AND GET STINKING RICH" :-) Might take a while but "We Shall Overcome" I had bought some ELON also and got out of it with a few cents.....nothing to write home about. ELON has a great chart......will check back on it later. Good Luck Wstera! dealie

To: Dealer who wrote (38696)	7/9/2001 1:14:04 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

T minus 3 weeks for a TSUNAMI cracks in Asia weakened pillars in US I suspect INTC will warn very soon and so will ORCL whatever tech sector is considered "immune", short it last week it was data storage seen the worst? not a chance the tsunami will not take prisoners Glenda, honestly, have you shorted anything in the last month? on the next 2-day upmove, short a batch of them the VIX reveals a colossal amount of complacency still 2ndHalf Recovery? not a chance stagnation and stabilization at best / JW

To: Dealer who wrote (38696)	7/9/2001 2:05:01 PM
From: RR	Read Replies (2) \| Respond to of 65232

Hi Dealer: Smart execution on your part. When you feel a position may go against you, get out. Live to trade another day. Market has no rudder. No conviction. Careful. Patience. Read what appears to be solid arguments for summer rally. Read what appears to be solid arguments for summer sell off. Bottom line, nobody knows. Gurus are still all over the radar screen and have tried to square root this thing to death and can't do it. I don't usually read other SI threads much. I stay in the Porch neighborhood. I did venture out and read some posts yesterday on SI, and some of the regular gurus were forecasting everything from gap down this morning to slow decline during the day today. Bet they are scratching their heads now. Again, my point is, nobody knows with this current market. It's just hard to predict. Consequently, I'm sitting on my hands today. Not in any hurry. Timing is critical for the swing trades. I'm not going for a home run in this market, nor do I have to be in the market every day to get my 20% play for the month. Besides, for swing plays, you don't have to be a bear. You don't have to be a bull. Just play your swing. If you do best playing it long, fine, that will work. If you're better playing it short, fine, that will work, too. Give it time to set it up, then have the guts to execute. And BTW, I'm sticking with the QQQ's for the reasons stated the other day. Have not changed my view in that regard. I'd like to see the market go hard in one direction so I can set up to play the other side. I was sort of hoping for a gap down and a test at the 1950 area so I could go long. Now, I wait. Going to lay in the hammock...... patience, patience..... RR