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To: Perspective who wrote (68729)3/17/2003 12:26:54 PM
From: JRI  Respond to of 209892
 
Now, I'm seriously thinking on sitting this out (days) until we are close to winning Baghdad (city) and/or getting Saddam...(Patron's: "Saddam's head on a stick" approach)...shorting a 'C' and/or getting whipped by daily events is not my idea of a good time (for a bear)



To: Perspective who wrote (68729)3/17/2003 12:42:44 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
I don't really want to step in the way if the "C" is underway, but even that shouldn't carry all that much further, price-wise

How so Bob? The price target for the 'big C' is new highs vis a vis December, 2002; for NDX, around 1300 -- still 230 points from here (22% rise). The total 'C' travel would be from 939 to 1300, a rise > 37%.

Even if the 'C' truncates at 62%, it would still another 100 points -- 9%-10%.

These are the rarest of times for a trader.