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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (17352)4/19/2001 5:05:27 PM
From: American Spirit   of 37746
 
Pullback? MSFT just crushed estimates. Slow-down only 2%. Now all the second tier MSFT wannabes can pop, like NOVL and UIS. Telcoms are also finally starting to pop, led for once by LU, with WCOM and TLAB starting to pop. SBC and FON shouod follow. Maybe next week a pull-back but just profit-taking. Not a sign of going back down. Made two mistakes today, selling EMC at 40 (was my target) and bidding too low. But snagged some WCOM and LOR ready for runs. Is all this a sign of a bearish market? I think not. And everything's proceeding very rationally. No garbage going through the ceiling just values. This quarter and next practically priced out of the picture now.
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