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To: Richard Tsang who wrote (14144)1/7/2000 10:43:00 PM
From: Steve SmithRead Replies (2) | Respond to of 118717
 
DITS? you mean BITS? LOL...

Rich,

I wish i had a crystal ball...otherwise I would have not sold many of my stocks before they have run up 100%+ without me.

I think the market has factored in a rate hike of 1/4. The market may be very weak right before the FOMC meeting, Feb. 1-2. Alot of scared and nervous investors/traders.


That will provide a nice buying opportunity for many funds. I still think technology stocks are the place to be.

The market may rally after the Feds announce their decision. If it's 1/4, then that's ok. However, if it's 1/2, then that's a different story.

April should be a weak month. I would avoid trading stocks around April, because many people will be selling their positions in order to pay for last year's capital gains to the IRS.

That's my best idea.

take care,
steve

P.S. SPLK trying to breakout at 8 1/4. Watch it!