Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (10664)	1/12/1998 1:32:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 17305

Got a neat e-mail just now. If you go into a battle, it's better to win the first time. --George S. Patton I like that. My posture tomorrow would be to buy on the open and sell out if I think I am wrong. But yeah, I am looking for a rally tomorrow but not much after that. I remember you are into oil. If you want a real arcane view Feb. 4 is a good day to buy the oils. Someone on TSO asked me about Astro-trading and the deal is that Jupiter rules expansion. Feb. 4 Jup goes into Pisces and amongst other stuff that is a bullish indicator for oil. Aren't you glad you asked? I have 2 engineering degrees and here I am touting Astro-nonsense. But I feel I should pass on everything I have, so there you go. Pattern-techniques tell me Monday should be a good day to be long from the open, Tuesday and Thursday should be good days to be short, the week in general should be excellant to short. The year in general should be excellant to short, at least into June. I honestly wish I could be more optimistic...my 30 year plan is super for the market...but I sense you will be dismayed by my near-term grasp of the situation.

To: pz who wrote (10664)	1/12/1998 2:01:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

Okay, the early returns are in and.... Larry McMillan is neutral and taking profits on a short sale against the market. Smart guy, Larry. He was getting his jaw worked on by his dentist on Friday afternoon and told the guy to hurry up. His dentist told him not to worry, they always bring it up into the close. A dentist for chrissake. Well there is conventional wisdom for you. Anyway, McMillan, contrary to what I just said, appears bearish near term. Hank Camp favors a bounce by 55%. Gene Inger favors a minor bounce. The rest of the returns are still to come. But generally, after tomorrow there is a ton of pessimism....