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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (20848)	10/29/2002 12:33:06 AM
From: nspolar	Read Replies (4) \| Respond to of 36161

Slider, yah yah but what is the timing? I shorted ACF and CCR last go round, made good coin but covered ACF too darn soon. Won't make the same mistake twice (I hope). I don't know. I'm looking for a double top on CCR here at 55 or 55 plus. Figure it time to toe in there and then skalp a little and build a position. Sound reasonable? Any other good mortgage related shorts? Will mortgage issues outshine homebuilders? When the next downturn starts I'm going to implement a slightly different strategy re shorts, compared to the last leg down. Going to hunt for what I perceive weak stocks and build a max margin short position. My equity will be in longs, gold, hopefully. I then plan to maintain a max margin short position until I think the next wave down is ovah. Going down I'll rotate the shorts from the ones hit to ones that have not yet been hit. Primarily in the DOW and S&P most likely. These two indexes need to get taken out. I left way too much coin on the short table last inning. Going to outsmart myself?

To: SliderOnTheBlack who wrote (20848)	10/29/2002 10:33:05 AM
From: Jim Willie CB	Respond to of 36161

UTTERLY PATHETIC CONSUMER DATA CONSUMERS ARE WHAT IS HOLDING UP THIS ECONOMY AND THE USA ECONOMY IS HOLDING UP THE WORLD ECONOMY OY, STORM COMING, MUI BIG STORM / jim NEW YORK (CBS.MW) -- Stocks extended losses Tuesday after a key reading on consume confidence dropped to its lowest level in nine years, igniting worries that spending may falter in the coming months. The October consumer confidence index tumbled to 79.4 from September's 93.7 level, mirroring the recent decline in the University of Michigan's sentiment gauge. Economists polled by CBS.MarketWatch.com had expected a 90.1 reading. Both the expectations and current conditions indexes took nosedives as well. Check economic calendar and forecasts. "The outlook for the holiday retail season is now fairly bleak," said the Conference Board, which releases the data. [cut off, more on stock indexes]