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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (2596)8/10/2000 4:41:30 PM
From: Logain Ablar  Read Replies (1) of 33421
 
John:

Thanks for the read. I was waiting for more of a pullback b/4 adding to my positions (the greed factor) and it now looks like I'll have to pay up.

I have been whipsawed lately in this market in the tech area but I've been following the gas stocks and they have been pretty strong. (I beleive BR's weakness was due to their guidance of lower production than analyst forecasts).

I still believe the market needs liquidity to move higher and not sure if its getting it. Back to the 71/72 time frame scenario. Oil & Gas will be better buy and holds than techs. Just look at the hair cuts when a company misses by a little never mind a lot.

DVN looks like a great bargain at the 200. Nice pick up.

Thanks again.

Tim
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