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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (34519)	4/20/2002 6:11:04 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 52237

MSFT is reducing expectations because accounting changes are coming which will force them to report in the future that they make significantly less profit, if any. Stock options are one place money is lost and not reported. The road from Enron will lead to accounting changes and MSFT knows it. The Street knows its coming and they are all pumping up each others stock with recommendations so they can cash out their 401k's and move to New Zealand. Elvis is leaving the building. M.

To: sandeep who wrote (34519)	4/20/2002 9:54:05 PM
From: Susan G	Read Replies (6) \| Respond to of 52237

Actually Sandeep I have not been crying about anything... nor do I have a positional bias as I am a daytrading futures trader only. I do not hold positions more than 24 hours. Your post to me sounds more like positional bias... I am bearish because of what I see on the charts, a slow grinding downtrend, and the failure of the NDX to make any decent move up over resistance. OR any rallies recently that last more than one day. I do point out the criminal moves of the big boys quite often though, as I find it amazing how much they get away with. Until recently that is, as the truth is coming out slowly, especially with news items like the recent Merrill scandal. Not even to mention Enron and Anderson... I have just posted about my belief many techs are overvalued, the nasdaq is still in a bear market, and when "truthful" earnings reporting is forced upon most of these companies, as it is being now, they will look far more overvalued. I've been short the NDX almost non stop since the 1700's in January - more than 300 points ago, which you could have read in many of my posts, and since I'm a daytrader who uses stops, I have gotten out of the way or gone long the always short lived short covering oversold rallies, which are the only type of rallies that have ocurred since 1/1. So there has been nothing to cry about, just smile. As short tech has been THE side to be on since January, with one exception - the first week of March. I have also never owned MSFT - long or short, but have benefited by it's recent demise by shorting the Nasdaq Futures, the only thing I currently trade. MSFT has lost over 50% of it's value in the past 2 years, it's not something I would have been happy holding long! It's in an obvious downtrend with no signs of turning up at all. Whether the market goes up or down makes no real difference to me as a trader, as long as there is volatility! And as far as a bias, short makes sense to me in a downtrend <g> When the trend changes, so will my opinion. And if honesty EVER rules on Wall Street, you'll never hear another word from me.