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Strategies & Market Trends : The Dead Cat Bounce Theory
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To: James F. Hopkins who wrote (1793)12/9/1997 5:34:00 PM
From: James F. Hopkins  Read Replies (1) of 1836
 
The worst is over, ( for the tech sector )some more may go down,
but the big ( broad sell off today hit bottom) about 3pm
ORCL droped so fast and had so many funds involved, that they
had to sell intl , mfst and the likes to try to buy ORCL..to
limit their losses and avg their price , it was a chain reation
tied to ORCL..most of the other stocks that sold off, were sold so as
to buy ORCL..the ones who dumped ORCL early made a killing and the
money will run back in ( it's already started )
some tech funds may still get hit.. RSIFX is one to watch..when
it bottoms in a day or two I look for it to be a good bet.
It's a no load. I'm now swinging from the BEAR camp to the BULL
camp...but watch the SI indicator go the other way..
to bad I didn't have ORCL shorted, I'm now out of all short
positions. The micro caps were not hit..in fact they are flying
as are some small caps...this was big cap action today.
ORCL started her bounce at 3pm..and most of the rest followed.
Jim
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