Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (12383)	5/15/2002 11:43:18 AM
From: Paul Shread	Read Replies (1) of 36161

Iso, I invest like my wife shops; I buy what's on sale. -g- Sentiment was running way against tech a couple of weeks ago, and so far my two techs (CSC and ORCL) are doing pretty well (heck, CSC reported 82 cents a share on a GAAP basis last night!). ORCL is a tremendous free cash flow generator, right up there with MSFT, IMHO. I don't know how far this runs; I have it potentially going into the May 24-28 cycle turn, with nasty down coming in June. Another option is we make a bottom on May 24-28 and rally from there, with a June peak. Beatsaheckouttame, and a lot of smart people have down coming in the next day or two, Zeev and Allan for two. Sentiment came down a little too fast here - a PC ratio of .52 on the close yesterday - but TrimTabs reported outflows of $5.5 billion on Friday and Monday, which is IMO bullish because it means J6P doesn't believe in the rally. Tons of resistance in the next 2-3% up from here. If we get through that, I'll have to put my horns on with more than tape and rubber bands. -g- cache.wsrn.com cache.wsrn.com Paul

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