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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (79960)	7/11/2001 11:10:24 AM
From: eichler	Read Replies (1) \| Respond to of 99985

If you ever really read my posts you would KNOW I do not short at the present. Not that I think it is a bad idea. Just doesn't fit my personality too well. But I'm working on it... You sound just like a used car salesman. But I think the wheels have come off your car..... You're incessant one-sided rhetoric is tiresome, and you can't even hear what people are actually saying. Are you deaf or something? Or do you only hear what you want, and ignore the rest? Anyone who listened to your rhetoric the last few days is down in the dumper. Think about that. Don't you have a conscience? Someday (maybe even today, maybe not) you will be right again. But like the boy who cried wolf too many times, who will listen? And who would give you credit, considering you only ever say ONE thing......

To: American Spirit who wrote (79960)	7/11/2001 11:58:34 AM
From: t2	Read Replies (2) \| Respond to of 99985

American Spirit, I have to hand it to you. You appear to be the lone voice of real optimism...no one agrees with you. Maybe you can take as a good contrarian indicator.<g> Flows into the market are no longer the way they used to be in the past. They had certainly peaked in early 2000, when people had to just get into the market. Those sitting on their bank deposits thought they were missing out in a big way. The only positive I see now is that people don't appear to be throwing in the towel on the stock market as a whole--may do a lot of moving from sector to sector, money market, or even into short funds. Short interest seems to be hitting records every month. The only way we see a rally in the Nasdaq will be if short sellers start covering; insiders reduce their selling; and companies finally start buying back shares more aggressively. What could lead to this....signs of economic recovery! However, the recovery keeps getting pushed out further and further, now into next year. We need to hear from the big names like IBM, MSFT, INTC and see if there is any optimism from them for this year. So far investors seem to be listening to companies like Corning that are forecasting recovery for mid 2002 or later. IMHO, that should have been no surprise for the telecom equipment sector. Question is what about wireless,PCs and maybe even storage...those are the ones that may have a rebound this year. I believe the dollar is starting to weaken, finally! That may help a little. I also have a lot of long tech positions (large caps) but I am not expecting much from them near term. Not holding much in speculative names. Had been holding puts on JNPR, CIEN...dumped those this morning. No more short or put positions for me. I am going to ride out this downturn and start thinking longer term. We could still hit Nasdaq 1600..accepting that possibility. We might now be in a market in which one can buy blue chip tech names and just hold through the rest of the downturn. In any case, I hope you are right in your optimism.