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

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To: Jenna who wrote (118868)12/13/2000 11:12:59 AM
From: Dave Gore  Read Replies (1) of 120523
 
Jenna, we'll likely start to rally strong into the Fed meeting; I would get ready to go long sometime today or certainly near the close tomorrow. No way to tell exactly when just yet.

Gore's concession speech, while expected, should help too. OPTIONS EXPIRATION is probably creating these wild movements and perhaps extra odd movements. We'll see.

I am not wild about tech stocks unless they dip significantly here. SUNW is cheap however for the long term but a little worried about a warning. ELNT under 40 should be a sane play. ADBE may be a great short - was hoping to short it at 75, so may not go after it. I just can't see how their earnings report wiill have good things to say going forward.

May be time to focus on select stocks that will do well on a interest rate cut or under Bush (e.g. SLM may be good one), although I am still waiting to short AXP or KRB if they go a little higher on the slowing economy.

PFE, BMY seem safe, too, but rather boring.
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