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To: learnstocks who wrote (3470)8/12/1999 1:43:00 PM
From: Lee Martin  Read Replies (1) | Respond to of 10027
 
The smart $ got out and went short a while ago. Now they may be ready to go long again unless they can get Burnam to slam the OLB's again. The SCH news seems to contradict his view of the sector.
The little guy always has the risk of getting whipsawed in stocks like NITE because by the time we hear the news the stock has already reacted to it days ago. For example Morgan kept saying FBCO was a big seller day after day, then their analyst comes out and slams the OLB's.
That's why I try to just be long good stocks and try not to get too cute with trying to time them or the market.
I have my doubts about whether this rally can continue into the Fed. meeting on the 24th, as I'm sure everybody else does. Probably time to buy.