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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (6697)	9/11/1999 9:08:00 AM
From: Plaything	Respond to of 12475

Hear, hear, the market stinks more and more everyday and yet the Techs & Inuts seem oblivious to everything. I can almost expect a day soon when an analyst issues an outright sell on the big name Inuts and the response will be a 10+pt drop followed by a intense buy-on-the-dip mentality that will take it to new highs! There is no fear, interest rate hikes will not bring the techs down. I just watched the incredible volume jump (in less than a minute) in APNT yesterday after CNBC pumped it up (this after it had already scaled 8pts up!), its clear that the daytraders rule this market and the analysts are playing them (and CNBC) like a fiddle. Another case in point is the random buy and strong buy recs. issued to the Inuts by the new analyst at CIBC last week, he aims to be the next Blodgett I suppose, and the sheep blindly follow lock step. BTW, I am a longtime lurker here, Mohan-keep up your frenetic postings, you must surely be the most prolific poster I have seen on SI!!