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Strategies & Market Trends : The Thread

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To: westpacific who wrote (43265)4/10/2001 7:45:56 PM
From: westpacific  Read Replies (2) of 49816
 
Find me ONE technology stock that represents fair value right here.

Maybe AMD, Maybe SNDK, maybe RSAS, maybe ALTR..... and a few others. But in reality these are all at fair value here.

That is about it IMO.

So many with -EPS, massive PEs still. Wake up folks, CNBC is a hype machine for Wall Street.

This rally is mostly shorts covering. Some buying but just to hedge for the rally that has already happened.

Do not be fooled. We are going to form a W pattern here, rally once we settle out and then once this rally ends - next leg down will be even larger than the first.

Do not believe me - just watch.

West
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