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: davep who wrote (16025)	10/1/1998 8:58:00 PM
From: Jenna	Read Replies (1) of 120523

davep..I don't think things are that gloomy, although I agree 100% that to stay long overnight is suicide unless it is a small option position. Trading will be a 'hit and run' affair with shorter intraday trends (up and down).. Earnings will pick up, they are not that bad. SWY and FDO came out with super earnings yet they were down, showing me a fear to get into anything, good or bad. It's psychological fear that is driving the market crazy. Investors selling into rallies, certain groups with vested interest that the market stay down apparently to allow manipulators to buy below book. I also agree that there is no foreseeable bottom to allow investors in without danger of further lows. I do however see opportunity for going both short and long.

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