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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (17208)4/19/2001 12:57:49 PM
From: American Spirit   of 37746
 
Paring off a few big poppers and staying with mainly big telcos here like VZ, WCOM, SBC and FON. They haven't participated at all in the rally but that means they're good picks. Low PE's and will give me a nice modest gain. Will buy back high-fliers into any pullbacks. Still hold four 2nd and 3rd tier stocks and am always on the look-out for more. Expect some profit-taking by week's end and slightly better prices, but the overall direction is still up, just no more huge rallies for awhile. May 15th rate cut is the next big event and that will take us to the next leg up, followed probably by some more profit-taking. Higher highs and higher lows but with modest ups and downs for awhile. That's my guess. And big telcos should attract conservative bulls now. Also watch for buy-out rumors to begin.
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