View Full Version : probably makin a mistake but

07-20-2002, 06:03 AM
covered my qqq short. i still think tech valuations too high but im figuring market rallies real soon. dont see how the market can keep goin south as bonds have trounced stocks so bad its a joke. i figure asset allocation has to change so money has to go into stocks. maybe tech wont do much and rest of market will but tech has shown much better relative strength. unbelievable but true so i wont fight it. ill be buyin financials and consummer non durable related stuff next week. still hedged against the dollar although i lightned up on it. bought a little today includin mbs reits. got some cash ready to go to work. get this im looking at some tech issues too. sun is gettin awfully interestin at $4 a share. book is $3, psr about 1.0. am i nuts?

07-20-2002, 08:40 AM
Course, 2010 is when a young Buffet would be holding and buying more. Whereas most baby-boomers will have to be selling to meet retirement expenses.


07-22-2002, 07:18 AM

i still hold dia dow puts , but am thinking of covering...want to cash a nice profit from last week...hard to know with market so volatile...vix is getting worn out..lol..

1. notes and bonds did not act like "flight to quality" during july 19 sharp drop in us dollar..

2. us dollar now has butterfly pattern vs euro.....

3. notes and bonds have gartley pattern sell signals..

4. amgn, cof strong during "blood in street" day (note i have substantial call option position in amgn)..

5. hey, i do not know what will happen...but i do think there is a very reasonable chance for at least a "summer rally", starting this week....

jmho..info purposes only..not investment advice,,,gl