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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (19728)	5/2/2001 11:06:50 AM
From: Dave Gore	Read Replies (1) of 37746

Knight, I kind of agree with you. We could bust the shorts butts for another day or two (maybe) but the Reward to Risk ratio on the long side is certainly not what it was a few days ago. I don't particularly like the action right now, but I am not giving up on this rally just yet. Lots of money flowing out of defensive issues into tech. Many tech stocks are pretty pricey again (or never really got that cheap) but some are still pretty reasonable like ADCT, and others like KOPN, EXDS, BVSN look to have a little momentum as well. But near term, I would actually prefer to see a 5% pullback or so.

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