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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (24014)	5/4/2005 4:17:49 PM
From: nicewatch	Read Replies (1) \| Respond to of 48463

Point taken. I'm beginning to feel that way about any market day, as my vacation puts things into better perspective! Started an index short in emini and ndx past few minutes... not a scalp, but not huge size either - allocated for higher. Added to UNM short and added puts today. Added many dated financial puts, C, JPM, BAC, among others. Added back some GDW dated puts. For all I know I am dead wrong on this stuff but this has been a sharp several day rally and I am still a seller on those. Lest this is a new bull market in the mid cycle pause???!!!??? I'm sure you and others here have noticed QQQQ and SPY have been hard to borrow at some brokers, or on the infamous SHO list recently. Some people presume that means they are over shorted and therefore make great longs. -g- My take on it is different... it is not the moms and pops overly short QQQQ and SPY but rather, imo, overly long hedge funds using them as a hedge. I believe the vast majority of hedge funds, which are given way too much credit -good and bad- for market machinations have a structural long bias. I'm not sure why that is. My own guess is a combination of human nature (optimism over fear in betting) and an average age of a fund manager that is closer to my own. I personally know enough of these types of fools to say that most have no clue or regard for market history. So for me that means this shell game dance continues until it doesn't. But when the music stops it should be uglier than past music stopping cycles! -ggg- To be sure I do not mean to infer superiority over all these other fools, for I am a fool too in many ways -- but one with a mind towards market history and one who paid his market tuition many years ago. So let the games continue, just make sure there is a chair nearby when the music stops. This is a good read, imo, obviously this guy is a fan of Prechter's crash book. -g- safehaven.com