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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Percival 917 who wrote (5776)9/1/1999 10:47:00 AM
From: Uncle Frank  Read Replies (2) of 54805
 
Joel, curious morning; good news about the wireless sector, good market, and Q is getting trashed in the early going. I made the following response to a panic post on the Q thread about an hour ago:

>> Why are we don in morning when wireless phone growth is buzzed up among the analysts?

Three possibilities:

1. Someone found out that cdma doesn't work in rainy weather.

2. One of the institutions put in a program sell to take advantage of the sector's strength this morning.

3. The market makers are taking advantage of market sell orders during Amateur Hour, and the stock will move back up
as soon as the suckers have been fleeced.

Not to worry, Bharat, provided your investment window is over 1 hour.


Q was down 8 at the time; now that it's down >15, I'll stick with the above and add BUYING OPPORTUNITY!.

Hopefully, this will sort itself out quickly.

FranQ
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