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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.00

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Nov 11 4:00 PM EST

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To: Clint E. who wrote (26011)	4/5/2000 10:37:00 PM
From: Suresh	Read Replies (1) of 67846

Hi Clint, XLA has George Gilder blessing and it is one of those stocks where shorts are killed with any PR. It will ultimately meet its true value. Before XLA crowd was justifying its valuation based on AKAM... but I guess now they are treating it as a leader immune from any deep cuts. I bailed out of SDLI.. future crowd is still not very supportive of sustained rally. I am still holding FDRY. I am beginning to think that there is not much sidelined money for growth/aggressive growth stocks/funds. I am surprised at EMLX strength Vs. QLGC today. Can we see EMLX again around 50? What do you think ? There was some serious selling of EMLX to drop it down to such low levels. So, there must be something rotten going inside the company. BTW pundits are predicting that we will retest the recent low. If that is the case I want to be totally short at the test because I don't think it is going to hold. IMHO market should move sideways or down a little before launching once again towards the high. For fun, I have a bet with one of my old pals regarding CSCO. This time there is no money involved in the bet. I am betting that CSCO's market cap will be lower than the high it is going to achieve this year in the year 2005. Later, Suresh

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