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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (29577)	1/30/2002 12:22:09 AM
From: Perspective	Read Replies (2) \| Respond to of 209892

Yeah, I am watching from time to time you know. Things are starting to get interesting for me again. I've been trying to sell this thing for days now, and in typical bear market fashion, it has consistently moved without letting me enter my position. I continue to hold a meager amount of position shorts and long gold shares, but I keep trying to knock the short exposure up beyond 50%. Missed on Friday by a few minutes, and then missed this AM by a few pennies. Of course, the only entry I want is the perfect entry, so I'm content to stay sidelined until I see it. Besides, I'm not entirely sidelined, as I am actually 130% short with a 100% long-side hedge. I'm happy to see AOL falling into the yawning gap - one of my favorite short-and-holds. It's just recently occurred to me that one of my blind spots is a desire to short overly expensive, over-loved, technically faltering stocks, when I really do need to incorporate the terminally wounded into my strategy more. Hopefully I can do that in the days ahead. I'm eyeing the action in BKX with great interest. As you've pointed out AA, they will show us the way to new lows if they are indeed coming. Guess I'd better head for bed. It was nice to make some good money today. Wish I could play this trash on the long side as so many of you have, but I know that I personally can't hold positions that go against my gut feel. At the first sign of trouble, I bail. I'll try to drop in more often now, especially since I think the most vicious leg of the bear is now underway. I think we've concluded the first leg down and the intermediate upward running flat correction in Nasdaq, as part of a larger double-zigzag lasting 3+ years off the top at 5K. This is when it gets violent. Hope I'm wrong. BC