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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?


To: ccryder who wrote (60)12/16/1997 9:02:00 PM
From: ccryder  Read Replies (3) | Respond to of 492
 
6. Don't believe what Fenton says about any company. But do consider what he says about the stock.

How can a guy be so wrong about a company and so right about the stock?

PS. Got back into the JBIL 35s prior to close. Reasoning was the market response to Solectron. Tomorrow should be interesting.



To: ccryder who wrote (60)12/17/1997 3:25:00 AM
From: BenYeung  Respond to of 492
 
Geez...dont I feel dumb. I just read an article on IBD solely on "shorting the box." So I guess you have some taxes to defer, uh? I dont have that problem...I wish I do.

BTW, Ney is expecting a nice rally for the next two days minimum. He says that "specialists are rallying to supply insiders with stock" (which also imply that a downdrop is for sure). So he is expecting a rollercoaster ride until January at least (he referred to April 95 to Dec 95 as an example). Which, will bring launch the stock market to a ever high ground (like 1996).

So lets see what happens tomorrow. If you watch CNBC tomorrow, let me know of Tom's speech. I am too tired to get up for tomorrow.