Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

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To: SusieQ1065 who wrote (4301)	4/19/2001 7:14:43 PM
From: SusieQ1065	Read Replies (1) of 5732

Updated: 20-Apr-01 General Commentary Another day, another triple-point gain for the Nasdaq... Hard to believe that it was only a week or so ago that investors were so pessimistic... Funny, how quickly a surprise rate cut and some better-than-feared earnings reports can alter sentiment. Money managers that wanted no part of techs/market now being forced to plow sidelined cash back into equities... They may feel uncomfortable buying techs given the predominately bad earnings news, but with the tape and the Fed both sending bullish signals, many managers now fear missing out more than they fear getting caught in a bear trap... All you had to do was watch the action Thursday to see this psychology at play, as every dip led to new buying. Rallies like this one feed on themselves, as shorts are forced to cover and institutional investors trip over themselves to get back in... Take a look back at the post-Gulf War rally for a good example of how stocks and markets can turn on a dime and run away from investors. Instead of a) lamenting missing out on the first stage of this move and/or b) stubbornly refusing to recognize the changed tone investors need to be comprising a list of tech stocks that they want to buy now... What are the names that are best positioned to provide leadership not over the just next couple of months but over the next couple of years... Who are the leaders that the institutional investors will feel compelled to own? Briefing.com will be providing 10 such names on our Stock Brief page early tomorrow morning. MSFT, PMCS, EBAY, BRCM, INKT up big after hours in response to earnings reports... NT, GTW, SUNW little changed... TMTA down big... For all the post close earnings news see our Short Stories and/or Earnings Calendar pages. Robert Walberg

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