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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Mike Petriv who wrote (54743)4/19/2000 8:32:00 AM
From: Mike Petriv   of 122087
 
A lot of longs in previous high-flyers are in an unenviable position. They are holding from much higher levels while dry powder is in at much lower levels; the new longs trigger point to sell is much lower than the old longs. All these stocks have tremendous overhead resistance; all the king's men with all the crazy glue in the world won't be able to put Humpty Dumpty together. Anybody think that smart money will start profit-taking today ahead of the long week-end?
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