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Post# of 704019
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punkle

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punkle

Re: mlsoft post# 29449

Thursday, 09/26/2002 5:36:31 PM

Thursday, September 26, 2002 5:36:31 PM

Post# of 704019
I believe Q3 earnings will be very bad across the board and Q4 will be pretty flat with Q3 with a chance of still worsening and little chance of improving. This statement is across the board for tech companies.

I was fully loaded long earlier this week and sold at QQQ 22 yesterday and am now 100% cash. Very happy to take the chips off the table. Any bounce to close to 1300 I will short and actually hope it happens soon before earnings warnings start rolling in (and they will big time).

On the down side, I hope for a capitulation and real fear takes us down to close to NAS 1000 for a nice long buy and hold opportunity.

Outside of those extremes, capital preservation is key as we are hovering in "no man's land."

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