Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (25334)	7/12/2000 8:46:36 AM
From: Lee Lichterman III	Read Replies (3) of 42787

170 posts yesterday ( albeit, half were food related ) and stock attack is only 3rd on the hot list?!?!? I am seeing a lot of cheerleading starting as the markets move up here on various boards. As I just posted on our board, things usually look best at the top. Don is already in class sell territory and my indicators should start firing off any time as I too am getting close. While I do see some promise here, I also am seeing more over bought than over sold. The bounces thus far that have powered the indexes up so far are just that, bounces. Note that the oils moved up, XAU, cyclicals that were severely over sold like IP, DD, CAT etc. We have room to move up more but to have a sustained rally, we need to include the generals which has not happened yet. I also would like to point out that I saw a few posts on other boards making fun of the analyst that said the YHOO fears of slowing ad revenues was wrong and the guy was incompetent. YHOO earned only around a dime and it is already one of the most popular if not the most popular web address. How much more can they grow these revenues? Net ads ARE starting to drop in the amount they will pay as companies are realizing they don't bring in that much business. I don't see how last night's report proved anything. My scan kicked out two fairly good long plays and one good short. Not exactly earth shattering. I still am sticking with a couple days up then down we go. Good Luck, Lee

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