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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: mchip who wrote (2400)9/1/1998 6:18:00 AM
From: Mr. Pink  Read Replies (2) | Respond to of 18998
 
Actually futures are up nearly the 25 pt. limit. Look for a strong opening. Should be a chance to get some shorts off and to shed some dogs missed in the last rally. By the afternoon, who knows? If the market fails to close up---yipes.

Mr. Pink is concerned that too many fat two tone shirt wearing stupid brokers got on the news last night saying this is a buying opportunity. Until the public capitulates this market should head lower.

Nevertheless, Mr. pink has never considered Himself a market timer. Just buy cheap stocks run by good folks and sell short the overpriced dogs run by crims.

MP