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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (15308)	12/4/2002 3:14:01 PM
From: the_wheel	Respond to of 19219

You should check out Luc on the CFZ thread. He is more bullish than even Volt or the chef have ever been. He even bought calls today! I think his favorites are low priced semiconductor stox in the sox like PMCS AMCC VTSS MXIM NVLS KLAC stuff like that. He generally buys way OTM calls and get triples overnight and I am sure he has some 100 baggers in the last eight weeks. I think he learned a lot from fading KIS and some dude with tips. He is laughing his way to the bank and has some catchy phrases like the chef 8n6 lzmaxcvoff JBC etc. Uncanny for what used to be a permabear.

To: Lizzie Tudor who wrote (15308)	12/4/2002 3:42:07 PM
From: bruceleroy1_-	Read Replies (3) \| Respond to of 19219

<What happened to them in Oct then? We had a successful retest did we not?> I know for a fact that Raptor nailed the bottom in October and Jeff on the P&S thread warned the thread in October that short may not be the way to go. So they definitely were not perma-bearish. But I'm still waiting for Da Chief or MITA to warn of an impending drop in the market. The only "objective" warning I've seen is not to miss out on the "meltup" and then when the market finally does have a dead-cat bounce they are busy laughing their azzes off at the dumb bear bagholders. The funny thing is that the only bagholders I've seen this whole year are the longs that bought in January. But maybe that will change next year.

To: Lizzie Tudor who wrote (15308)	12/4/2002 5:40:16 PM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

"is not bearish to see insider selling... however it is bullish to see agressive insider buying, as we have seen this year in tech" It is an insider's job to sell stock. That's what they are good at. It is part of the process of transferring wealth from shareholders to insiders and investment banks. You are right that it happens in good times and bad. I also agree that insider buying would be bullish. But what insider buying are you looking at? It is anaemic. Maybe you are confused between company buybacks and insider buying. Company buybacks are part of the process of transferring shareholder wealth to insiders and investment banks. It is not bullish. It goes on in good times and bad. It is the use of shareholder's cash to temporarily hold up the stock price. It creates demand for the shareholders to sell into. It allows the creation of stock options for insiders leading to dilution. It is a baaaad thing. If things were bullish, companies would be spending their cash on R&D, new hires, plants and other business related investments. The largest incidence of public companies buying the stock of other public companies occurred at the peak of the bubble. Insider buying = bullish Companies buying = bearish