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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (1212)	2/7/2003 4:20:58 PM
From: t2	Read Replies (1) \| Respond to of 11447

softie, Staying 100% short. I had planned to unload some shorts but decided against it late in the day. This market is no going anywhere but down near term...a war rally is not near yet (and the war is not either). You can bet many professionals are getting a bit worried about just such an that could lead to a huge one days surge. I am betting they are closing a lot shorts. 1300 will be a big hurdle on the upside....considering the number of days it took to break below. btw--those Rydex numbers saying we could a bigger surge in short funds before the bear comes to an end.

To: Softechie who wrote (1212)	2/7/2003 4:32:54 PM
From: mishedlo	Read Replies (4) \| Respond to of 11447

Good Lord look at this shit. Should have kept all my puts. Where We're At: An Ideal Place for Opportunists By James J. Cramer 02/07/2003 12:29 PM EST URL: thestreet.com snips: "I have been a stalwart on the thesis that we are in a 1990-1991 moment. To recap, the market came down hard in 1990 after Iraq invaded Kuwait. The market then bounced and came back down in October. It then bounced and came back down in January, right before the war. The exquisite time to buy was in that last dip down in January before the war -- you couldn't get in after that. We then rallied, and rallied harder than I can ever recall, for the next few months. The bear's back was broken and we advanced for years. I am saying not that the same thing can occur -- I don't know if we can break this bear's back. But I do know that we could have a beautiful trade . . . and I want in on that trade, beginning right about now. I think we are going to go to war in less than two weeks. . . .I am committing my cash, all but $40,000 that I will be able to retrieve after some sales on Tuesday, into this tape now. I will keep that other money on the side to see if I can buy a last tranche even closer to the hostilities."