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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: stomper who wrote (97139)4/22/2001 7:20:37 PM
From: Duke-N-Duke  Read Replies (4) of 436258
 
It Looks Like Up To Me By Bill Meehan 1/19/01

I continue to see the Composite reaching the 3450 area in relatively short order, and traders should continue to view any pullbacks as buying opportunities. Naturally, the favored way to play the game is with tech stocks or rocket-powered derivatives. The higher the beta the better, for now.

Does it make any sense to take something off the table Friday morning? That's the prudent thing to do, but I don't see any reason not go into the weekend with fairly hefty trading positions. There's lots of cash wanting to get in and there's very little in the way of new supply. The Nazz has been down so long it looks like up to me; and rest assured, we'll hear a similar tune from Wall Street's finest over the days and weeks ahead.


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