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To: Steve Smith who wrote (14055)1/6/2000 12:18:00 AM
From: Richard TsangRead Replies (1) | Respond to of 118717
 
Steve, I would agree to that too. There are new money coming in and the profit taking people will have to put their money back. Even our host is eager to find something, LOL. It can't go too low, but volatile for sure.

Any good breakout plays? These are some new breakouts mentioned at the Clearstation site: CGA, PKX, IPIX, SMMX. No DD at all. Do you see any good ones here.
clearstation.com
(if you can't get it, just join for free, very easy process)

IPIX seems to have some interesting tech.

I am still watching PVSW. Is it good entry now?

Rich



To: Steve Smith who wrote (14055)1/6/2000 12:50:00 AM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
Briefing's take on the market. I know at least one fund manager with money on the sidelines ready to buy exactly what you described, Steve.

"To their credit, bulls not giving up without a fight... Traders jumped back into tech sector when Nasdaq dropped another 166 points in early trading Wednesday... Recovery try ran out of gas by midafternoon, however, with tech-heavy index ending off 24 points... Should note that at its lows, Nasdaq was down nearly 10% from its peak... Given that many on Wall Street and in the media were calling for a 10% pullback, wasn't that surprising to see traders step in and do some buying... But Briefing.com maintains that the correction will run deeper than many expect... Considering the scope of recent gains, a correction of 20%-25% can't be discounted.