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Strategies & Market Trends : Sharck Soup

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To: Rick Buskey who wrote (13997)	3/30/2001 10:21:23 AM
From: JRI	of 37746

I could be wrong....perhaps managers are sitting on so much cash...they have to buy SOMETHING...that could happen.... But I think they'll be deer in the headlights a while longer.....I think they'll play it conservative until more news out.... How can you "buy the rumor" when the rumor is bad? Maybe I could see a "sell the rumor, buy news"...but then the buying would take place post-April 15th....that actually makes more sense to me...even though, historically, that's not a good period for tech stocks... Also, this doesn't feel like a retest of a low to me......it's not selling off, hitting, and bouncing......its just plopping there like Fat Albert... Every tick up (COMPX) of a few points...gets sold... Grinding down.... Hey, this all my FUD....good luck with your decision....If there is buying next week, I would think it is a technical, oversold rally in some names that got beat up this week....and it will get sold off soon after..

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