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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (6119)3/8/2001 5:45:38 PM
From: Teri Garner  Read Replies (2) of 6445
 
re: IBM.. IMO, they too will cry uncle, it's just a matter of when that press release comes out.

There is no way in hell they will come out unscathed from this deteriorating economy. What would be better is that if ALL these tech companies warned at one single time (day). We could capitulate then put in some sort of bottom.

As it stands now, the Nasdaq is nothing but a ticking time bomb with day traders fighting each other for 1/8s & 1/4s and everyone puking out long positions before the close on a daily basis.

How times have changed...
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