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Strategies & Market Trends : Sharck Soup

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To: DaiTN who wrote (10389)2/28/2001 7:10:20 AM
From: GREENLAW4-7  Read Replies (3) of 37746
 
For the record, Last week I went heavy long CRA, MLNM, HGSI I sold into strength this week.

Last week I bought BRCD at 33 and sold 3 days later at 46.

I purchased SAWS in AH monday at 13.75, I sold yesterday at 17.5.

Yes NASD will hit 1600-1800 in 2001 or early 2002 but based on current expectations of a crash in NASD and with so many playing for the ultimate bottom--------we will BOUNCE from here!!

I have enough cash to take intra-day lumps, but I still see better earnings then most expect.

Expectations have been lowered so much that many stocks will surprise. Too many SHORTS in the NASD stocks at such a low level that bounce will be HARD, and after that many who missed will chase COMPX to 3100 level. Then we will go sideways to up with a top around 3400.

I just feel BOUNCE is the only play in current NASD. Hedge with short on retailers.
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