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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: SecularBull who wrote (31733)2/22/2001 2:34:46 PM
From: Percival 917  Read Replies (3) of 65232
 
Hello LOF,

RE: People are not going to want to be left out of the tech recovery after the third rate cut

IMO you are just going to continue to see selling into any rally for awhile to come. The average investor will not be as quick to jump in, buy and hold for any length of time. Too many times have these rallies reversed and people's initial gains are given back and then some. Any positions I would take would be sold before the end of day. How many more warnings are still waiting out there that will take you out in the after hours market.

Edamo's view makes the most sense. These stocks have to build a strong base from which to build from or these wild swings are going to continue. There is no solid support without that base.

BWTFDIK,
Joel
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