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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (48299)	5/29/2003 6:09:18 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

possible reasons for lack of posts: many of our past posters busted out over the last few years many have been surprised by the strength of the recent ramp in spite of what is almost universal bad economic news; lack of consistent swings to trade into; lack of trades on existing holds; lack of new long ideas up in this thin air and fear to short a few who in the past made frequent posts were "nailed" by others and so went elsewhere fewer true short term traders and perma bulls have a mind set that they are now just going to hold forever until they get back what they lost over the past three years

To: Larry S. who wrote (48299)	5/29/2003 10:22:42 AM
From: BWAC	Read Replies (2) \| Respond to of 53068

Larry, I am as close to sold out of everything as I will probably ever be. So I don't see much to post about in the value area or fair valuation area. Any trading I do right now is 90% hedged. It may be thru an Option spread. It may be through buying Puts and buying the stock, and then closing the position daily when/if the prices move 1:2 ratio. Nothing exciting. Nothing most anybody wants to trade here. My population for this type trading is basically things like MSFT and IBM or AMAT and KLAC. I was serious about my Nascar Indicator yesterday on the health of the economy and corporate spending. Its real world info that can be seen. And it is still trending worse. I could also tell you about the number of idle trucks sitting in the trucking company lot. Ie not carrying freight. Or the call I got yesterday from the local Freightliner manufacturing plant needing to lease a lot. For the purpose of parking their finshed, but can't sell, inventory. They seem to have run out of parking spaces. I could say I have zero confidence in the ability, direction, and integrity of Resident Shrub, his previously convicted criminal Lackeys, and their World domination dreams but that is off topic. And surprisingly no one considers it as the biggest drag on the economy since his Dad. I could say I've often and regularly been wrong in the short term. I could say I've often been right eventually. I could say that I am being reluctant to recommend anything because this market makes little sense other than the current momentum of the millisecond.