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


To: t2 who wrote (6757)11/19/2001 10:01:28 PM
From: sylvester80  Respond to of 99280
 
At this point, there is just so much demand for stocks

Oh really? Maybe you can tell me what stocks you bought today and also let me know when you'll sell them. Cause at these prices you'd have to be nuts to own stocks. IMO, and based on still low volume, day traders are the only ones that are playing this market at these levels and weak shorts that keep covering at ever higher prices.

But once the dam breaks it will break with a vengeance. And it could happen tomorrow. 1967 has been in my sights for a while now. I have taken some short positions (only 10% with QQQ @40.24, JNPR @27, CIEN @22) but tomorrow I expect I will dive into it feet first and take my shorts to about 50%. And if we go higher I will continue shifting long positions and converting them into shorts.