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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (2613)	11/1/2001 7:14:49 PM
From: Kevin McKenzie	Respond to of 99280

Jay, It sounds like you're over-commited to the short side. Why don't you just scale down tomorrow by going more cash or hedge with Calls? You're talking about Tuesday's open as if you can't do anything before then.

To: orkrious who wrote (2613)	11/1/2001 7:48:47 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

This would cheer you up. Miracles? I don't want to argue with the market, but despite the advances in the major averages, volume shrank on the rise. Even on a short-term micro basis, there were no new highs or lows in the averages. It is not easy to find exceptional chart patterns. The market needs a pullback. If it doesn't do what's good for it here, it will do it from a somewhat higher level and the decline will be more uncomfortable. Where is the market supposed to go? From the September bottom, the Dow climbed 14%, the S&P 500 15%, the Nasdaq Composite 25% and the Nasdaq 100 31%. That's in less than a month and a half. Who expects the market to march along at a hot pace like that right up to new all time highs? This is not a realistic expectation. All markets need corrections to moderate their trend rates, which perpetually overrun in both directions. This market has more uncertainty to contend with than any market in a long, long time. Don't expect miracles. -DW

To: orkrious who wrote (2613)	11/1/2001 7:50:05 PM
From: Mike M	Read Replies (1) \| Respond to of 99280

Jay, there appears to already be perceived good news for CSCO. Whether that comes to fruition or not, what is the point of putting yourself in this position? It is particularly difficult to make good decisions with your investments when your perspective is clouded in desperation because financial viability is threatened. Keep your investments, long or short, manageable. Nobody, not even Zeev, knows where the market is going. He's done a great job with his educated guesses but, that is all they are. Don't get me wrong, I appreciate Zeev a lot. But, if you intend to benefit from his musings, learn above all things, that he is seldom 100% invested, he is broadly diversified, and he is never leveraged (margined).