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Strategies & Market Trends : Rande Is . . . HOME

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To: Softechie who wrote (45797)	1/18/2001 8:12:57 PM
From: DlphcOracl	Read Replies (2) of 57584

Softie: I happen to think Cliggott is correct. The Nasdaq will probably cross 3000 sometime between now and mid-March and, when it does, I will exit all of my tech stocks positions and sit it out with major cash on the sidelines. Several of the non-permabear analysts are expecting a retest of the NASDAQ bottom or worse (2100-2300 level) sometime this summer as earnings reports worsen and economy continues to slow down, reflecting the last two of Greenspan's interest rate hikes. I may be wrong, but.... I think the retest of the NASDAQ low this summer (if it does occur) will be "the mother of all buying opportunities". By this time, the economy will have truly bottomed and the interest rate cuts and increased liquidity will begin to take effect. At that time, I intend to load up on the QQQ's and tech stocks, going 100% tech in my portfolio. I think Q4 2001 and Q1 2002 will see significant appreciation from the summer/fall NASDAQ lows later this year. Any comments, positive or negative, with regard to the above are welcomed. I know it is difficult (and perhaps foolish) to try and predict the year in advance, but this is the way I see it and it is the way I am planning for it.

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