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Strategies & Market Trends : Waiting for the big Kahuna

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To: Mark Adams who wrote (50011)1/18/2001 8:09:15 AM
From: Lee Lichterman III  Read Replies (2) of 94695
 
Thanks. Heck if I know how far this can go but I was originally looking for 3100. The mo mo players all jumping in though is a bad sign to me. Yesterday the market gave back a lot but the only stocks staying strong were the high PE nothing but promises stocks which I viewed as a bad sign.

Many of those same companies or at least ones in the same sectors missed earnings last night. ADI, XLNX, ITWO and many other of the "favorites" of the day trading crowd didn't do well. Some like AAPL were up after hours but since waking up, I see Europe isn't falling for it.

Today should be huge as SUNW and MSFT report. We all know PC sales are bad as evidenced by GTW, INTC, and AMD so MSFT shouldn't be too much of a surprise. SUNW is the big mystery card. Did IBM do well because the server market is perking up or is it because they are taking share away from SUNW? I guess we find out tonight.

The oils are starting to get my attention again.

Good Luck,

Lee
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