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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (94412)	4/15/2001 10:26:42 PM
From: mishedlo	Read Replies (2) of 436258

From American Spirit.... If NT has burnt off inventories (as AAPL claims it has) then that should propel the most hard-hit tech stocks up quite nicely next week and beyond. If we get two rate cuts by May 15 the shorts will never have a chance to add to profit-taking days. Some stubborn shorts may get cleaned out next week and have nothing left. 10 days ago I noticed a big hedge fund manager saying they felt there was no olonger a need to protect themselves with puts at these price levels because downside was so limited. That and the phony LU rumor were the two catalysts for me to go strong and long again while everyone else was still shorting (or so it seemed). I think we have plenty more to go here on the upside, 10-40% depending on the tech stock. The worst dogs may get the 40% pops. The harder they were hurt the faster the recovery and the more shorts will be squeezed. NOVL, SBC still down near their bottoms. I'd like to find more of these to pick up before everyone else does. On dips I'l buy more EMC and WCOM and take a look at IBM, PALM and YHOO.

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