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Strategies & Market Trends : Making Money is Main Objective

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To: Canuck Dave who wrote (902)3/10/2001 9:45:58 AM
From: Softechie   of 2155
 
Canuck it's for real that Nasdaq will go below 2000 next week. Techs outlook is very murky for the next 6-9 months so I don't see I'm buying techs soon. This market has to settle down before I will commit for the long haul. For now, I'm still riding my shorts on my favorites because I know they will be much cheaper this summer.

Regarding Warnaco. Yes it got whacked good but I think those are retail investors dumping. They're selling with market price. And yes I'm still holding and going long haul just like AVN. Warnaco is preparing itself for the recovery and I believe it will succeed. 3/27 is earnings reporting.

I don't see we're coming to recession in this economy. Recession for techs market but not for consumers market. They're still spending and that's a good thing. Tax cut will help consumers. Good luck.
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