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

To: thesilenttype who wrote (36743)	3/4/2002 10:43:32 AM
From: farkarooski	Read Replies (1) \| Respond to of 99280

Nasdaq up 50 points in one hour, what the f*ck My shorts are toasted

To: thesilenttype who wrote (36743)	3/4/2002 10:49:36 AM
From: Dave Gore	Read Replies (1) \| Respond to of 99280

Silenttype, the VIX and VXN are not being talked about much anymore (maybe their is a reason for it) and also, the warnings and upside pre-announcement period is really 2-3 weeks away. A lot of damage can be done to shorts in that time. Here's what I said on my thread: With the SOX and Financials leading, the other sectors could follow but the key now is whether the buy pressure continues enough to suck a lot of the cash in from the sidelines from those who are already becoming afraid they will miss the rally. That could in turn squeeze shorts even more. If you are a contarian, there was a record number of dollars by those "late to the party" that went into so-called "bear" Mutual Funds lately. Apparently every time that has happened in the last 10 years, the Markets have risen rather dramatically. Also markets historically go up after all the stocks first earnings reports are out (which they are, of course) and before pre-announcement period, which starts in a couple weeks.