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To: martin001 who wrote (77425)7/15/2003 11:01:01 AM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
martin, I read your comments yesterday
about that one. I made a quick four nuts on the long side on that one last week and got out.

However, it seems that your implication is that that CHRB has weak/nonexistent fundamentals and thus might be a good short. That's fine, but trying to find any shares to short is next to impossible, so I'm not sure what your point was other than "don't go long this one." If so, that point is well taken.

The point that I thought bobcor was making, however, was that he felt that if the stocks that he mentioned of that sector have a significant correction below its 50 dma or support trendlines then that would be for him a key indicator of a decline for the rest of the market. I would tend to agree with him on that point.



To: martin001 who wrote (77425)7/15/2003 11:04:21 AM
From: Perspective  Respond to of 209892
 
Yep, lottery tickets, that's all. Nobody learned a damn thing from 2000. Collective memories are painfully short.

I've got CHRB marked, and I'm adding to my list daily. I thought the next leg of the bear would be tougher; I'd have to short *real* companies that would actually still be around in 10-20 years. Now I can rest comfortably knowing that their will be a plethora of BK-bound speculative trash to fade into oblivion.

BC