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 (9191)	6/15/2001 2:16:33 AM
From: American Spirit	Read Replies (1) of 52237

This could turn around fast. Never forget. Today had the feel of the day bears were waiting for. But what's left on the downside? Take EMC for example since we were discussing that stock. It broke support at 30.5 to go to 28. The last time it did that he held at 27.5 but worst day of the year it hit 25 and change. Worst day worst moment. Well guess what. Only a few weeks later it was at 44. That's a 70% move on no news, no change of anything. Just a move. Think about it. I'm not saying EMC to 44 here but 34 like it was a few days ago. Easy. Why not? Why the hell do these stocks move anyway? No real reason except spin of the day, momentum and a snowball effect. Today was a real snowball day. Tomorrow may not be great but maybe next week we'll go right back up again. I'm sure not selling down here. Bought one day early and it cost me but I may still get a short-term profit from by 30.5 buy. In fact very likely.

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