Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: The Phoenix who wrote (12678)	1/7/2000 4:24:00 PM
From: Jorj X Mckie	Read Replies (1) of 63513

As much as I loved that rally, it does worry me. This rally will have hurt the bears pretty drastically. I am certain that many bears bet the farm on the action this past week. If the bears are wiped out, we can have serious problems. It is the bears that keep us from having a BK. I would be surprised if today's rally wasn't induced by shorts covering rather than large funds coming into the market. Jorj's prediction for next week. LU will hit $165 by Friday of next week. This is a guess, don't buy based on my opinion. But notice how much volume LU had at the 52/53 BSL area. A nice strong support area to launch from. The news is out, people will realize that LU is still a great company (second only to CSCO) and that they will recover. Hey, I'm up a buck on LU already<g> bullinachinashop.com

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