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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (28875)7/24/2002 10:10:44 AM
From: Ken W  Read Replies (2) of 29382
 
Sergio

"Looks like another (guess what) down day. In spite of the general market trend, CARS raised guidance once again. SCRI to be added to S & P pharma index. DFIB has positive news and is oversold."

According to some books I've read this is the beginning of the final selling. "When good news is ignored and value stocks are sold anyway, the herd mentality has taken hold". This will last 3 to 5 weeks, then the relief rally will be sharp and brutal to the short sellers.

I can only hope. LOL Added to SUNW at 4 yesterday. Looking to add to CDIC if it hits 2.75 and DFIB at 2.25.

Ken
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