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Strategies & Market Trends : Drillbits & Bottlerockets
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To: John Pitera who wrote (911)1/12/2001 2:15:15 PM
From: Jorj X Mckie  Read Replies (2) of 15481
 
I am seeing bullish indications across the board. lots of rounding bottoms, lots of P&F buy signals., but we could stand to pull back to 2500 on the naz before resuming the upward trend.

Didn't see the thing on ENTU and VRSN...and in fact, just sold my ENTU today. I will look to re-enter on a pullback.

I still have some VRSN and think that the NSOL business will give it some longevity. Both VRSN and ENTU should do well in the long run. IMO

I joined you in INSP and bought some JNPR for the trade.

Reaction to ARBA earnings is baffling to me. Holding support at 35 though. I bought some in AH at 39 and then sold half the position at 43 last night. I sold the other half this morning at 38, but I am pondering re-entering.

Basically, I am bullish. I think that the fed money pump and rate cuts will not only change sentiment, it will also change the gloomy forecasts that we have been seeing in a material way. So basically, companies are providing forecasts based on what has happened this past quarter, if the fed changes have a positive affect, then we should see some significant upside surprises.

I am also seeing good buying trends in Asia for tech products. I think that this may mitigate some of the difficulties that we are seeing in the U.S. economy.

I think that all of this means that we are getting ready for the LLCF BK to 500 on the naz.
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