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Strategies & Market Trends : LindyBill's Ballroom -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (119)	10/3/2001 5:06:05 PM
From: LindyBill	Read Replies (1) \| Respond to of 248

I consider it a risky play. I knew it was risky when I did it. Now we will see if I will pay the price. I expect a 10% hit on it. Figures for today are not out.

To: Uncle Frank who wrote (119)	10/4/2001 11:48:35 AM
From: stockman_scott	Respond to of 248

11:30AM ET Certainly have to be impressed with the resurgence of the broader market from post-attack lows... Since their lowpoints on Friday, Sept. 21, the Nasdaq, Dow and S&P are up 18%, 14% and 15%, respectively... For the time being anyway, the market is focussed solely on good news, and that is scaring plenty of shorts who have been forced to cover positions; thereby expediting, and exacerbating, the recovery effort... At its current level, the Nasdaq stands above the bottom of the attack-related gap at 1629... A continued posture above support between 1595/1585 suggests the positive bias is still intact... Plenty of conviction behind today's tech buying efforts as up volume is swamping down volume at the Nasdaq by nearly a 7-to-1 margin; moreover, total volume has already topped 1.0 bln shares... NYSE Adv/Dec 1774/1053, Nasdaq Adv/Dec 1966/1186. -Briefing.com