Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: mishedlo who wrote (11312)	12/6/2001 10:08:59 PM
From: t2	Read Replies (2) of 99280

Misheldo, I don't think there is any chance of the QQQs getting to 40 by expiration. Not in this environment. Reasons: -the mutual fund managers are going to push the Nasdaq much higher; so many are now under-invested in tech. They will be chasing the stocks this month. -the average investor who bailed out of tech is now seeing tech going up while bond funds and energy stocks going down. They see Nasdaq 2000 and it tells them to get into tech. They will say "now is the time to get back into tech stocks"--right at the start of a new bull market. -money market funds have too low an interest rate. -economic recovery in early stages -fiscal stimulas -Afgan war almost over -record high short interest There is just too much at work to cause a selloff. However as we head into January, I can see a set up for a major pullback. The higher it goes, the inclined i will be to sell everything into year end and maybe even short or buy puts in the last week of December. As for a drop in December, it won't happen, imho. Big time momentum right now! (watching to see how long it lasts----will re-evaluate often----not sticking to any set plan in this market)

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