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Strategies & Market Trends : Sharck Soup
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To: mish5000 who wrote (17412)4/19/2001 7:29:17 PM
From: Dave Gore  Read Replies (1) of 37746
 
Yes, Mish, T/A means almost nothing in this mad rush to get into the rally now. I think the MSFT news cinched the deal. I would be very surprised if any minor profit-taking is not bought vigorously, at least until the close. I saw lots of Fund buying today...will be watching for more large block trades tomorrow.

Just heard - 57% of companies are beating earnings expectations, says CNBC. While not unusual, we have to remember that many expected much worse and stocks have dropped dramatically.

I think it is Monday and Tuesday that will be interesting. Sooner or later, some of these tech stocks are going to fall pretty hard and pretty quickly, but tomorrow or Monday or even Tuesday is doubtful, I think. And a feeding frenzy on the long side can be very scary to short into.
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