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Strategies & Market Trends : The New Economy and its Winners

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To: Slumdog who wrote (4424)	12/21/2000 10:11:45 PM
From: craig crawford	Read Replies (2) of 57684

Ahh, thanks for the clarification. No I'm not flipping, we haven't had the rally I'm looking for yet. I don't consider a 3 or 4 point bounce of the lows worth selling into. I think when the rally finally does commence, it won't be one of these 2 or 3 days and then it's over deals like the market has seen so much lately. I think it is a rally that plays out for at least a couple months. Sure there will be a quick spike up and then a pullback. The difference will be that I think the pullback can be bought this time as opposed to every other time where it should have been sold. I look at a stock like SUNW which could bounce all the way to 40 and STILL be in a downtrend. A bounce to 40 is almost a 50% move. So a bounce to 28 3/4 ain't squat.

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