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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (29573)3/18/2003 2:51:54 PM
From: Frank Pembleton  Read Replies (1) of 36161
 
I'm raising cash here...sold off one of my bioteck plays (DDS-TSX) for a 16% gain. I have two others, one is in the red and the other slightly in the black. Neither one is overbought (I'll keep'em for now) but I'm thinking that the general markets are (overbought)-- most stocks are rising on light volume.

This rally happened sharp and fast so I'm looking for an equally sharp and fast correction before I see it continuing.

USD is in the red against the Euro.

Regards,
Frank P.
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