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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Lane Hall-Witt who wrote (96868)5/10/2000 6:08:00 AM
From: lee kramer  Read Replies (4) of 120523
 
LaneHall-Witt: Nice post...you pose a lot of key, but difficult to answer questions. Me, I still don't see the inflation that Mr. Greenspan sees down the road. I wouldn't be surprised to see CPI number on Friday a pleasant surprise. The last one, the real spike up...I think this will be "revised"...down. All this suggests to me that the next move will be "RALLY", though I can't say when. Perhaps with the FOMC announcement May 16 of a 50 basis point rise. Sure, there'll still be worry about future rate moves up...but often, an announcement by the FED will give the market a few weeks (or in this market, a few days) to rally.
I'd still take any positions on the very "light" side. I'm not so sure your comment "it sure looks like most of the players who want out are already out." This may be true for individuals...but hedge-funds and other institutions with positions of "size" have a real problem...no buyers of size. If these funds really want out of some of their "mistakes" these stocks will likely decline much further. I agree with Jenna and Cramer...this is capital preservation time. Why? 'Cause we're in a down or "bear" market. And I'll do this even at the expense of "missing" a rally. I know that my trades have been miniscule. And will continue to be small, though Dortmunder might push me into adding a few more shares if he sees a good trade. He can be very persuasive. I'm still looking for a day when the NASDAQ gets clobbered then comes back on massive volume...3-4 billion shares for the day. That'll tell me that we've likely seen a temporary bottom. Haven't seen it yet. (Lee)
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