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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (17702)	11/14/2002 11:05:57 AM
From: CommanderCricket	Respond to of 23153

"Happy days are here again.... if ever so briefly" Just returned from two days in Denver. Arrghh what a mess. I should join the dog and broker 25 year old jack ups. ;) It's gotta be better than selling electronic components. Many new lay offs will be announced between now and the end of the year. The shocker is Avnet is expected to cut (again) and reduce $80 million in costs. The electronic distibutors are hurting because the DTAM (distribution total available market) in North America continues to decline and they haven't figured out how to follow it to Asia. Arrow seems better off but both are on notice from the rating agencies. Not good to have high borrowing costs in distribution. No - I'm not moving to China. Repeat....

To: Sharp_End_Of_Drill who wrote (17702)	11/14/2002 11:07:11 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Sharp, You definitely get an attaboy for the HOV trade. If it trades up above 35 I will probably reload and exercise patience. Vix is basing in the mid 30s, maybe will go lower as we get lulled into an Iraq based rally. Defense stocks selling off? Butter's up, guns are down? Kb

To: Sharp_End_Of_Drill who wrote (17702)	11/14/2002 3:45:00 PM
From: energyplay	Read Replies (1) \| Respond to of 23153

Part of the rally is a long / short fight among hedge funds, with most of the newer and smaller funds on the short side. ************* Look Out Short Hedgies, Here Come the Longs By James J. Cramer 11/14/2002 02:01 PM EST Click here for more stories by James J. Cramer Note: The following contains incendiary language for those who might be short this market! So the big hedgies want to break it out to the upside, my colleague on RealMoney Pro, Doug Kass, reports. I believe it. There are a couple of hedge funds out there that can press a future like there is no tomorrow, and given the short disposition of so many hedges out there -- short the SPX, short the Spiders (SPX:Amex - news - commentary - research - analysis), short the QQQs (QQQ:Amex - news - commentary - research - analysis), short the Semiconductor HOLDRs (SMH:Amex - news - commentary - research - analysis) and the Morgan Stanley Hi Tech 35s and whatever else walks or crawls -- it's a gutsy and probably correct move. The overwhelming creation of a series of indices that allows you to make short bets coupled with the ease with which you can make them (no borrow worries, no uptick worries) has made shorting the national pastime, attracting every Tom, Dick and Harry hedge fund. Now with the SPX at important breakout levels so glaringly in their faces, they all will have to come in and cover -- as if they really knew why they were short to begin with, those darned traders -- causing a blip up that the big hedge funds triggering the madness to the upside can blow out of. Do these kinds of trades have anything to do with anything? Yes indeedy: They have to do with momentum and psychology and the inability of the market to allow shorts out of their positions without catastrophic losses. Sure, the press will hang it all on a stronger-than-expected retail sales number or an Intel (INTC:Nasdaq - news - commentary - research - analysis) buyback, but what it should really be hung on is performance anxiety and the inability of the newbie managers to take any pain. Try putting that in a headline, though!