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Strategies & Market Trends : Options

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To: Jorj X Mckie who wrote (3058)2/16/2000 5:28:00 PM
From: Jill  Read Replies (1) of 8096
 
Dang, it's a mystery to me: all sell signals are eventually negated. I think the market is more mercurial, although you can get to know a stock and how it trades. For instance, all momentum is out of QCOM for the time being, maybe even a few quarters. It will come back because the underlying story is good. Meanwhile, NTAP and CREE are 2 darlings of the day, and BRCM ain't doin' bad either. Who would've known CREE would just go up up up up up up up, on what news? NTAP had expectations of great earnings and then even better than expected plus a split announced, so that makes sense. Psychology and perception and as Poet puts it momo de jour are so important--but even so they're unpredictable. Nobody knows when the tide will turn on CREE or when we'll stumble into another correction.
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