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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (33048)8/16/2001 1:40:53 PM
From: American Spirit  Read Replies (1) of 37746
 
We are already lower than April lows in many-many tech stocks. The indexes are not the whole story. Look at PALM below $4 now for instance. Or EMC at $15. This is exactly the kind of day a low could be made as there is negativity across the board and irrational selling even of the most profitable companies outside the tech sector. Basically, everyone's scared and no one knows. It's all guesswork in the dark from here. The best strategy could be to buy away and hold, hold through, get out, or just diversify. But it would seem the riskiest bet here would be shorting further on techs. I use the AAPL at $18 example, which ex cash means the company now has only a 2 billion market cap.

Can the selling continue? Anyone's guess. And as for September and October historic performances, throw them out the window. If August turns out this bad there won't be anywhere on the downside left to go. Last September was quite strong as I remember. In reverse of previous years the big slide didn't happen until mid winter which is usually the best time to hold stocks. So what will happen this year? No one has any idea. Uncertainty therefore breeds stagnation with a nagative bias. But on the other hand, recovery pops could be sharp and fast.
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