VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (25167)	12/14/2000 7:33:45 PM
From: t2	Read Replies (1) of 65232

TOMORROW WILL SURPRISE PEOPLE. I hope so. I do have a feeling it will be the biggest volume day we have seen in a long time. Will Fidelity finally bite on tech? Will the sector rotation funds decide that now the masses are headed to defensive stocks and is now time to sell their own defensive positions and get back in tech? 1/4 point cut next week is in the cards unless we get a 400 point rally ahead of the meeting. What I find interesting in MSFT cc was that if there is a 5% miss in revenues, there will be a 5% miss in EPS. I don't know many companies that can do this. Its gorilla status might protect it tomorrow. Now so much room is left for upside suprises for so many companies especially if late December sees a spending turnaround. We had positive news from Oracle--hope that helps. In any case, tomorrow will be a bottom in tech, IMHO.

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