EARTHLINK (ELNK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EARTHLINK (ELNK)

ELNK 5.630

0.0%

Mar 8 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oeconomicus who wrote (2432)	5/3/2001 12:42:20 AM
From: Dana Johnson	Read Replies (1) of 2553

A primary reason is that May is historically a weak month. In fact it is the first of the six weakest months of the year (Stock Trader's Almanac). There has been a considerable rebound in many stocks and indices. I subscribe to the U bottom theory, that time basing is needed. Both the DJIA and NASD are at resistance, SPX has broken a double top. So I see this as a natural point for a pullback. In this manic market, I expect things to bounce between extremes. So it might get overdone to the downside. Also, there are still a few big earnings announcements coming (CSCO, DELL, HWP, A, ???). After that, it is a bit of a news drought. I still expect some troubling warnings. I don't believe the current talk of the market stabilizing is any more dependable than any of the other talk we have heard over the last 6 months. That being said, I plan to try to trade dips and sector rotations... only for small gains. BWTHDIK!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next