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To: 1podstock who wrote (8575)3/7/2003 2:26:14 PM
From: Win-Lose-Draw  Read Replies (2) | Respond to of 10157
 
what is your exit plan in case you are wrong? how far are you willing to let AMAT fall before crying "uncle"? are you going to average down until you have no cash? if not, at what point do you stop?



To: 1podstock who wrote (8575)3/7/2003 2:26:51 PM
From: lifeisgood  Read Replies (1) | Respond to of 10157
 
Pod,

You still haven't answered my question.

So please make me your fundamental case for going long.

Besides your "gut" feeling that now is a good time to go long, give me some fundamental reasons. I would love to find a reason to go long but for the life of me, I can't find one. Seriously.

best...

LIG



To: 1podstock who wrote (8575)3/7/2003 4:57:07 PM
From: mishedlo  Respond to of 10157
 
Sure, You, I, and everyone knows QQQs should be retesting its lows of 20, for a profit for shorts of $4/share. But these big boys can take QQQs much higher, without a retest, just because.


pod this is utter garbage nonsense.
Don't you think that the industry, the president, Greenspan and 92% of the public wants this to go higher.

If the Big boys could take this to 33 it would already be there. The simple fact of the matter is money is leaving MUFU and foreigners are bailing. It is very tough to prop up the market when everyone is looking to get out with what they have got. People are parying for a rally to sell.

Personally I think the only thing holding up thos POS market is options. The sellers of those options have deep pockets and when too many get too far ITM we rally. Otherwise we would probably have already fallen off the cliff.

Why average in when 600 500 hell even spoos 400 is possible. Makes about ZERO sense.

M