Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Dave Gore who wrote (116835)	11/17/2000 8:46:14 PM
From: Jenna	Read Replies (2) of 120523

If Monday there is a rally its hard to accept the market being up that much that short term traders won't have an opportunity to get in. That would mean stocks would have to be up 50% or more and STAY UP throughout the session. We picked up some call options but if I thought there was such an opportunity I would have not hesitated to pick up more. You have to remember that there were a lot of slowdowns in many sectors from automotive, to retail, technology and dot.coms have a record amount of companies going belly up. One a day from what I read. In that climate plus the upcoming earnings season and possible earnings shortfalls once again, its really hard to envision a mad rush to buy technology stocks on Monday. And if there is even a 'conservative sprint' there are traders that might want to capitalize on yet another shorting opportunity. Its not the fault of traders, but of analysts who were calling upgrades and upping targets while companies themselves were finding it hard to meet and especially BEAT those expectations.

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