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To: mishedlo who wrote (112232)7/12/2001 12:37:00 AM
From: patron_anejo_por_favor  Respond to of 436258
 
Nice summary. I pretty well agree, especially with the max target at max pain, ie, NDX 1760, which would fill the gap down from July 5th-6th. That would be the first target for poot buying (August expiration, of course).



To: mishedlo who wrote (112232)7/12/2001 12:46:51 AM
From: pbull  Respond to of 436258
 
"In the end we all know where this is headed, just wish it would get there."

True. Away from tech, I look at what is actually going on the world _ namely, insider selling out the wazoo in some of the leading names in corporate America.
I mean 500,000 share blocks being sold by chairmen, vice presidents, etc., in blue-chip names, especially late last year and in the first quarter this year. And the selling continues, even at lower and lower prices.
So, now, we're going to get a rally, with the help of some hot air from the Fed. But the fundamentals, if anyone cares, are getting worse for a lot of companies. Not all, but a lot of them. Emerson, for example, is not a piece of crap, it's just that biz is that bad right now.

So, yes, my vote is to go ahead and do what is necessary to get this over with. The sooner the better.

PB



To: mishedlo who wrote (112232)7/12/2001 1:58:11 AM
From: tigerman77  Respond to of 436258
 
in the end greenspan will be booted out by congress and the market will tank......while the insiders are selling at record amounts tells me that.....the games are still being played...i hope this rally lasts a few days so i can short it



To: mishedlo who wrote (112232)7/12/2001 6:07:49 AM
From: sun-tzu  Respond to of 436258
 
No need to overthink this, we'll rally through options expiration. The market has made another defense and the next juicy short op won't come until just prior to Q3's warning season. Sanity and reality don't equate.

(*)^(*)