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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (20071)5/3/2001 6:47:49 AM
From: GREENLAW4-7   of 37746
 
Not covering no matter if strength shows mid day. Looking to add to all short positons: Current as of yesterday

EMC, BRCD, EMLX, FDRY, FNSR.

I believe this leg down will CLIP many longs that bought MOMO stocks like EMLX, and BRCD believeing these 200P/E's are now acceptable. I actual think MM and Funds started to sell yesterday and turn positions.

On most reversal days you will find strong strength as the retail investor gets the feeling the train is leaving the station.

Price targets for cover; BRCD 43-44 EMLX 38-40 EMC 39-40 FNSR 16-17 FDRY 13-14

good luck all!!
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