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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (5345)2/3/2000 10:44:00 AM
From: STYK  Respond to of 9427
 
Ms. X,
I was looking over past posts and realized you responded to one of mine. I did not catch your post till today.

<<I remember CNBC talking about the drugs stocks and would they ever make money again and guess what... that was right at the bottom. After that the sector took off.>>

I remember a few years ago, AMGN was trying to find a bottom
after a long downtrend. Earnings came out one morning, an analyst was very negative and it sold off sharply; it proceeded to recover, and has made a huge gain since then.
Of course, that guy sold the bottom.

<<Oh, say... did you move your money to telecom by looking at sector charts? What was
the deciding factor? Just curious. >>

Following earnings momentum, revenue momentum, Gilder being proved right, realizing that the funds would have to buy in a big way to be in the "right" stocks.

I apologize for the delayed response.

RayF