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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: lee kramer who wrote (93221)4/13/2000 4:55:00 PM
From: hjz  Read Replies (1) of 120523
 
EPNY and VIGN were my only longs today and even though both are up but the market really looked weak. That EPNY news of an agreement with Hewlett should have pushed the stock up strongly.

It looked like we were going to have a positive day on the NASDAQ at 3:00pm when some buy programs hit but it turned out to be a short cover bounce.

The shorts are controlling this market for now but remember that the last time the shorts had control was back in October of last year. Everyone knows what happened after the shorts were forced to start buying back then, the NASDAQ went from 2700 to 5000. It might take a week or even a month but at one point the bulls will take control again. We have all seen this before, remember last April and last August and last October. The three times the NASDAQ sold off like this in the last year only to bounce back to all time highs each time.

It is so easy to look back and say I wish I had bought at that price but it is far more difficult to actually buy at these prices.

Everyone just has to be patient and pick their favorite stock and try to find a price they are comfortable with. In two or three months, you will be very happy that you bought at these lows.

HJ
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