Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: AllansAlias who wrote (4021)	3/23/2001 8:52:16 PM
From: Lee Lichterman III	Read Replies (2) of 52237

NASDAQ TRIN was horrible all day staying around 1.25. That tells me the big money is still selling the rallies. I didn't dump longs since I figure end of Month tape painting is occuring and also Don't three day pattern has a chance of having a up day Monday. All day I was wondering what was hurting CSCO. Finally I get off work and see this... Cowen cut their Q3 est for cisco this morning from .11 to 06 cents. That explains a lot. I have lost all respect for Elaine Gazorelli and I used to think she was OK. WAtching NBR and she is on there not lying, but bending the truth and distorting stats. She stated she studied all rate cuts going back to 1933 and the DOW was on average up 30% a year later. How convenient she left off all the rate cuts from 29-33 where the rate cuts did nothing to help the market stop it's collapse. She also stated that she didn't care if the DOW dropped into Bear territory since "recessions only last 11 months on average and if the recession started last March, then we are already pulling out of it" I guess she doesn't know how to measure a recession. A recession is two consecutive quarters of negative GDP and we haven't even started that phase yet. Helloooooo. That means from the time the recession Officially starts, we can expect another 11 months. I guess she has selective stupidity. -ggg- ================================================== This made sense here...... From: KeepItSimple Friday, Mar 23, 2001 2:50 PM View Replies (2) \| Respond to of 84947 >>what made u pick msft instead of other beaten down techs like csco and sunw? << Simple. Tape painting rewards. MSFT is in the Dow and the Dung. Plus it didn't go down at all when the dow dropped 800 points this week. Not even a budge. It has more institutional support than ANY SINGLE STOCK in existence. Every tech fund on earth has MSFT as a holding. They MUST pump it up before quarterly statements are mailed out in the next 3-4 days. Think like a criminal and you'll make endless amounts of cash. I could care less that MSFT is completely manipulated, as long as i'm on the right side of the manipulation. We should EASILY close at 57 today, i'm expecting a last 15 minute surge of buy orders from all the major mutual funds. 65 by next week, easily. The mutual fund statements must not frighten investors into selling, and propping up microsoft is the single most economical way to make the books look better than they actually are. ================================================== COT report is encouraging. SPX shorts decreased from 111956 3 weeks ago to 94842 last week and is now down to 69490 as of this Tuesday. They have increased their Natural Gas short position substantially so I would stay away from Gas stocks for a while ( but I like them long term and will likely try to buy the drop when it comes) DOW shorts almost doubled from last week. They also went long Gold again. commitmentsoftraders.com I suspect this was the expected pop, we will drop early next week and then the real rally can start. I only expect a counter trend rally and then a retest of old lows that will probably fail. Good Luck, Lee

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