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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: wgh613 who wrote (98730)5/22/2000 5:19:00 AM
From: lee kramer  Read Replies (1) of 120523
 
wgh613: <I believe that we are at an unprecedented time here>...well, yes and no. We are in the midst of an unprecedented technological revolution...but the market has been through this many times. In the '20's it was the Radio and Autos...in the 60's it was the transistor, "copiers", "bowling" stocks and others. Take a look at some of those stocks and you'll see similar charts to what we've seen in the internets, biotechs, telecom's, wireless and others. One major difference is the immediate distribution of self-serving info and rumors...via CNBC and Maria and others. No two markets are exactly the same...but again, a look at individual and market charts will look strikingly similar. Until we "bottom" and reverse the major trend we're mired in a bear-market. Best not to fight it. Paradoxically, the short-side has been the safest, most conservative and profitable side. And because, as you say, "who knows how the masses will react?" it's wise, if you do trade from the short side, to place stops...just as you probably should in a bull market. (Lee)
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