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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (46588)	2/4/2001 12:03:47 PM
From: American Spirit	Read Replies (3) of 57584

Reading Softechie's posts, he is exposed as a pure bear and short artist and was shorting at the market's bottom, then again before the big rally a few weeks ago. He must have lot a lot of money there. He has made money on the dips, and did so Friday so he's crowing loudly, but he doesn't seem to ever take his gains and go long except when he was pro LU, VZ and WCOM. Now we are back halfway to Jan 3rd levels in many major techs and he seems to be saying we're going to re-test those lows. I disagree. I think bargain-hunting is strong. Friday's weakness was compounded by three factors: it was a Friday, good profits were being taken and the market is looking for the next sign that Greenie may cut. Also one more week or so of earnings reports which may disappoint. However keep in mind that most negative earnings reports have been bought into not sold into. If this pattern holds then CSCO may dip to its base of around 35 then rally back to 45 or so after its earnings, even if they are lousy (as everyone expects and has priced into the stock).

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