To: Autumn Henry who wrote (62842 ) 9/23/1999 4:15:00 PM From: Jenna Read Replies (2) | Respond to of 120523
Opportunity is knocking. We were just handed an opportunity to get some good stocks now once again. After yesterday's jump I thought we were a bit overvalued, now I expect we'll have another day very soon, The only difference being a certain amount of IPO's will be more realistically valued. Someone asked me Tuesday if I thought the selloff on Monday was serious and I answered I thought there would be an early morning selloff and a continuation of 'bargain shopping' on Wednesday which is what happened. I just surmised, of course, no one knows for sure. The truth is still that there are great earnings up ahead and if anything, we were overvalued in our October Calendar which is why I was waiting for a few good 'down' days before we can play them once again. The reason I included 2 newsletters (last week's the cup and handle one and this week's "long term uptrend with short term pullback") was just because those are classic strategies for great stocks that have pulled back and too many stocks on the October calendar were at their 52 week highs and breaking new ground (today's MSTR for example came from newsletter but at that time it was in a short pullback).. MSTR exploded these last two days, JAKK did the same and ZRAN did yesterday, SCOC another of our newsletter plays up 13% today... but ONLY AFTER SOME SHORT CORRECTIONS. I thought QCOM had 'rebounded' a bit too much after their earnings short report. I expect it to get a shave and YHOO never usually goes more than a few days without a nice drop. AGIL was overhyped, CMRC, that's a hard one to catch.. we'll see, and PHCM was a ridiculously overpriced stock.. I did not want to say anything before (since some of you were long) but I think these last few days in PHCM were ridiculous.