Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (14946)	9/17/1998 9:40:00 AM
From: Dave Gore	Read Replies (1) of 120523

Jenna said: "Remember traders, take each day as it comes don't make any longer term assumptions than the 8 hours in front of you. Traders who are wholly in cash now now benefit from this fall to buy back everything more cheaply!" Extremely wise words! I told a friend last night that if the market does not follow through after the strong close yesterday, then a lot of pro's would be confused about playing the market. Most everyone expected a rise to near 8300 this week after the strong end of day rally yesterday. Trader's were very positive at the close. Now the pro's will become even more cautious. PS-- FWIW, if you didn;'t know Oppenheimer downgraded and cast a cloud over the oil stocks yesterday, saying that domestic crude oil prices would actually decline by about a dollar over the next year. Rallies may come in oil only if they are beaten down again substantially. Yes, careful risk management is very wise.

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