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Strategies & Market Trends : cash-rich dot bombs

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To: John Liu who wrote (81)12/19/2000 7:17:58 PM
From: Jeff   of 184
 
i have SOFN on my watchlist.....

but now that nasdaq broke down under 2523.....all stocks under 2 will likely go under 1......and all stocks near 1 will likely go to 50 cents or under......

this market will either churn here between 2000 and 2600 for sometime......slowly dragging the cheap ones down more.....

or we are in for a monster capitulation day......where as money will run to the bigger stocks that are insane bargains .....thus leaving the cheap ones left to die......and dragging the prices lower......

best news for these cheap stocks is this......only 7-more trading days left and tax sellers should be gone......then you can look for the january effect and hope that if you bought high you can get out on the pump......

and just remember......wherever they bottom the first time.....they will revisit that bottom again before they do run for good......

regards
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