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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (767)	10/12/1998 4:18:00 PM
From: J. P.	Read Replies (1) \| Respond to of 1254

<Hmm, and I suppose this bear market rally is what leads you to say that...it ain't over 'til it's over. > You're assuming A) I'm a "long term" investor B) That this is a bear market rally There was a lot of money to be made on the long side the past two days, especially if you like options on Microsoft, Dell, AOL like I do. Now had you bailed out, as per Trading Goddess, you would have missed out on some golden eggs. I was buying like crazy on Thursday, with the Nasdaq still down 65 points, but only had the nerve to stay in until afternoon on Friday, so made some money, but missed out on a lot of low hanging apples. Whether this is a bear market rally remains, obviously, to be seen. Now I am to assume, judging by your name, that you are bearish no matter what the circumstances. For me it is a more complicated matter. I see a lot of bad news already out, and I saw Thursdays selling as a huge capitulation, (Even the Trading Goddess capitulated, ironically on the same day as Goldman's Abbey J. Cohen). Preannouncements are over, now we are left with earnings and conference calls. This is traditionally a strong forward looking quarter for tech. So I think there is more money to be made here on the long side. In a way I hope it is a slow upward slope and not one of these whipsaws we've had of late.