WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (8335)	9/16/2000 11:22:32 AM
From: ChrisJP	Read Replies (1) of 11130

Nice call on CYBAD, Wayne. Not sure why it sold off Mon - Wed and then took off on Thursday and Friday. Here's one for your "bounce play" watch list: ALLR It was at $40 3 weeks ago, but it is being dumped due to earnings concerns. I noticed it on Monday when it dropped from around 24 to 20. It dropped to $16 when they canceled a 1-on-1 analyst meeting. Bounced back to 18. So I'm guessing there's still another shoe to drop, and it could go much lower. If it does, there should be opportunities for quickie bounce plays on the way down. The problem with ALLR in addition to the slowdown in the economy is that Microsoft's new XML "dot net" initiative competes with ALLR's "Cold Fusion" web site development products. As for the overall markets, wellllll the charts say that the markets are oversold and bouncing off of their support lines -- so the next move should be up. But ya gotta ask, who's gonna dive in head first with warnings season followed by earnings season in full swing. I'll think I'll wait till things settle themselves out, lol. Regards, Chris

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