Zeev's Turnips - No Politics Message Board

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

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To: Psycho-Social who wrote (45136)	3/30/2002 8:23:57 AM
From: t2	Read Replies (2) of 99280

One unique factor this year is that the Nasdaq significantly underperformed the DJIA and S&P 500 in Q1, so portfolio managers who didn't want to show losers being increased in their portfolio for Q1 may be more inclined to buy Nasdaq stocks after the 31st. That is really a strong case for buying Nasdaq stocks. Consider companies like WCOM, or CIEN. Why would any manager want to show such names in their quarterly reports? What can one say about those that are holding on to these stocks at the start of April? They are going to be VERY patient and not rush to sell. The weakest group has been the communication sector. Some like CIEN, SONS are long term stories..investors are going to wait for further negative signals before selling ..and that may be another quarter. On the other hand, blue chips like WCOM that are beaten up and have good valuations are going to be held for a long time as part of the reason for the decline was SEC related...and it is all out there now...and WCOM is not an Enron. jmho

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