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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Dave Kiernan who wrote (76032)	4/26/2001 10:31:36 PM
From: American Spirit	Read Replies (1) of 99985

I had a fine day and a great two weeks. WCOM went over 21 at one point and anyone selling will be sorry. Profit-taking at 21 was of no concern. Wall Street liked the numbers. LOL all you want but I've made excellent money 10 out of the last 12 sessions and the other two I broke even so criticizing my picks is woefully inaccurate. Going purely long undervalued telcos and small tech dogs, plus EMC and GE which I sold a week ago for nice gains. I am feeling right on track and very-very encouraged by everything I see. My stocks which haven't risen much I expect to pop any day. And I like that fed cut coming up in only 12 trading sessions. Fewer and fewer people will sell or short as we get closer and shorts just don't have any steam behind them anymore. All wil have to cover or lose. I also like the tech leaders of the original big pop being back down into buy territory so we can finish the early May rally period off with a big broad rally. WCOM and FON I wouldn't sell under 25 short-term and might hold for 30-35 by winter. PALM, NOVl, UIS, SCNT, SBC all pregnant and ready to pop nicely. More left in LOR and LU and VZ. Have my eye on some bigger tech names as they come back down into my bargain buy area. About 90% of firms now are beating estimates and reassuring Wall Street in case you hadn't noticed. And those most hurt and the cheapest, some down below cash in the bank value like SCNT. They will all double-quadruple from their bottoms this year. Some already have doubled and will again. (well maybe some exceptions). Thjis rally is intact for the next few weeks. I'd like to see Naz 2450 and Dow 11000 before I consider selling. But the micro dogs under the radar screens are out-performing them all.

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