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: dennis michael patterson who wrote (6545)	4/30/2001 4:41:53 PM
From: American Spirit	Read Replies (2) of 52237

End of month profit-taking window-dressing by funds after nice April. They get graded by the month. Sold their winners. Even LU was a big winner this month. What will they re-buy tomorrow? Value? Or buy back their winners? We'll see. Except for LU (will will rebound soon) it was a positive day. Broke even just like last Monday's profit-taking day. I'm glad these profit-taking days happen to give us another lift-off pad. ORCL is no longer a leader because of its 100% bet on the net and e-commerce. It will take some time for ORCL to recover. But so much bad news is priced-in in the mid teens I would be surprised to see it re-visit old lows, very surprised. And it's not that far above them now. If you go short before the fed rate cut meeting you have to be very quick, in and out, for day-traders only. Momentum is still upward toward gradual recovery and there is plenty of true value out there to buy.

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