u238z1 steals another 100000 bhp, page-40

Russell, i have lots of longs.

60% longs; 40% cash

I havent added to any positions or taken any new longs today, but on the next 'dip' - maybe monday or tuesday, i will

Fed will cut rates on Dec 11. The market knows it, and they will hold steady or rally until then. They wont fall - not with that on the short term horizon. It provides protection/insulation.

On CNBC last night, UBS's cheif equity strategist out of NY was saying the marekts would rally 10% until xmas. I dont think 10%, but i always thought the recent correction was self-fulfilling. It was a textbook self-fullfillng 10% correction imo.

Having said this, im not the bull is was for 1st half 2008. But i expect a strong 2nd half 2008. I will trade according to that - unless things change -> which they prob will; we need to be dynamic and responsive

I will add longs on either mon, tues, or wed next week regardless


What longs did you add?