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Strategies & Market Trends : Sharck Soup

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To: Jim Spitz who wrote (25372)	5/30/2001 10:45:11 AM
From: American Spirit	Read Replies (1) of 37746

After the SUNW news a tech fall was to be expected this morning. This looks to me like an excellent buying opportunity. I didn't expect these low prices so soon. Just bought some AAPL just above 20, hoping 20 holds. If so that's a great buy. Trying to get more PALM under 6, some EMC around 31 (assuming 30 holds), LOR and NOVL at today's lows. LU moving back as it should be after being taken down on the lousy ALA deal report (I knew that leak was a buying op). Just remember, for the past month or more the only profits to be made were in doing exactly the opposite of what the market is doing and trying to get the lowest (or highest) price of the up or down day (or 2-3 day period). No one knows exactly where prices will go but use your best guestimates. I certainly don't worry that AAPL will not exceed $20. It should be closer to to $30 IMHO considering no inventory problems, hot new products and more than half the market cap in cash. At least $25, though that may take awhile to happen (or not). When is the next Fed cut? gg

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