SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: StockOperator who wrote (34055)4/10/2002 5:56:38 PM
From: 1podstock  Read Replies (1) | Respond to of 52237
 
SO---T doing reverse split. lolol. KANA also did a reverse split, 10:1 variety, and then promptly ran from 10s to low 20s.

perhaps we're gonna see a slew of reverse splits in Nasdaq stocks.

lolol



To: StockOperator who wrote (34055)4/10/2002 10:19:56 PM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
SO,

Went long some cyclicals today, but don't like a lot of what I see: high TRIN and TRINQ, down volume higher than up volume on the NAZ, weak financials.

According to Pisani (FWIW), cyclicals may have rallied because of this piece by Bill Gross:

"It means that short-term rates are even more critical to the profitability of Corporate America - to the level of the stock market - to the growth rate of the American economy than ever before. It means that Alan Greenspan dare not raise interest rates too much or risk sinking the stock market and the economy once again; it means that because his ability to raise short rates is limited, that ultimately inflation may be higher than it otherwise would be in a still near deflationary world; it means that bond investors should do certain things and not do others. ...

"And because Greenspan must keep short rates relatively low, the risk of inflation in future years will be greater than otherwise, the yield curve will remain more positively sloped than otherwise, and the dollar will ultimately be weaker than otherwise. Bond investors should therefore continue to emphasize the front-end of the yield curve, avoid long-term bonds and keep durations close to index levels."

pimco.com

Nasdaq needs to get above 1780 to be worth risking longs there, IMHO.