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

To: Softechie who wrote (15519)	12/21/2001 5:35:48 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Softie the problem is you are not waiting. You are holding shorts overnight. Well that worked 3 days in row but not yesterday. We get to 2160 and you will be saying short QLGC at 56 and make money or short EMLX at 50 an make money, meanwhile you will still be short from 43 and 38 respectively. Overconfidence breeds recklessness. Been there done that and lost my ass. WestPacific could be broke now for all we know. But you will not be the only one shaking his head, HAL will be wondering why he sold at the headfake channel break rather than at the height of overexhuberance from NV and the rest of the bull clan here. There is simply no reason why this market can not go up from here, given the light Christmas season followed by a healthy influx of sucker $ in Jan. Again I lean towards scenario #2 and it will not be pretty if you say short for a month. Perhaps, just perhaps, yesterday was it for the bears. Will I be shorting. YES - small positions Will I hold overnight. NO I might even buy some longs - probably cheap stuff if I do. M