Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: ldo79 who wrote (13210)	5/24/2002 4:33:40 PM
From: nspolar	Read Replies (2) of 36161

Cramer: <Gold can't hold.> This Ugly Market Has Its Good Side By James J. Cramer 05/24/2002 14:08 Look, it's still ugly. There's nothing really happening except an exceptionally sunny day outside, one that's making people bolt for the exits. But I'm not concerned. I still see the decline being stemmed and a decent buying opportunity ahead of what I think will be a summer of better-than-expected earnings and little supply (light calendar) that will make things easier for all who look away from tech. I see some other things I like. Home Depot HD is finally not going down, even as Lowe's LOW keeps going higher! Lowe's did break out! The SOX, which I hate, is making higher lows. And the decline in the drugs is not gaining in acceleration. Gold can't hold. I just don't think the short bet is a good one. Tyco TYC keeps going higher. Heck, I guess you can tell what side I'm going to come out on when Doug Kass squares off against Herb Greenberg this evening on Kudlow & Cramer !

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