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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (19179)	3/11/2000 3:26:00 PM
From: Ken W	Read Replies (1) of 29382

Sergio, Holy smokes!! Your bride must have gone shopping or something, as that is one of the longest posts for a couple of weeks. <GGGG> I agree with you and Joe that there is some room for the NASD to run yet. Just, it is time when the big guys will begin to become more selective in their choices. IMO that action will begin to narrow the NASD, just as the DOW did in the large climb to 11,000. As I recall as the DOW made newer highs the number of new lows was about 3 to 1. The NASD appears to be following the same path. I don't plan on totally leaving the NASD there is still a good deal of solid, undervalued stocks on the NASD, as well as some great momo trades, with little or no following. Seems those in the news the most are the ones moving to rediculous levels on just that hype. Remember when AMZN and AOL were over 150? You bet I played them and made some good money. Canada is a given. Besides, DRAX is a Canadian co. <ggggggg> (no bias here). Articles on TM and the like are only fueling the fire for stocks. IMO this is dangerous for the guy (most) who don't want to do the work (Due Dilly or TA) I know several that just follow the voice of one or two people without knowing why. They will do okay for a while, but one day (been there) the party is over and they wonder what hit them. Ken

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