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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (22168)5/10/2001 5:50:50 PM
From: American Spirit  Read Replies (2) of 37746
 
You're always short, Velo. And now techs are oversold again.
Did you hear IBM's superb, strong guidance? What are your feelings on that? Please repond.

Longs and shorts both have valid arguments and neither side will gain very much going forward but since we haven't rallied in a week we're overdue, esp going into the rate cut. As a 3-day play it's pretty obvious. I was disappointed by AAPL and WCOM today, but I don't expect them to go any lower. All my tech doggies are at their recent low bases now and we have plenty of upside territory with little resistance. I certainly doubt that the fudns will be dumping WCOM at 17 and AAPL at 22. Not gonna happen. If IBM had given bad news maybe but they gave just the opposite. And IBM and MSFT are real the leaders now, not CSCO and JNPR.
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