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Strategies & Market Trends : Puff Daddy's Mo' Money Mo' Problems -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (576)3/14/2000 2:25:00 PM
From: Bald Man from Mars  Read Replies (1) | Respond to of 896
 
Lunch time is still half an hour away over here at Los Angeles, only 11:20 AM ...



To: SouthFloridaGuy who wrote (576)3/14/2000 7:19:00 PM
From: SouthFloridaGuy  Read Replies (3) | Respond to of 896
 
Market Analysis today:

Plain and simple, today was a Clinton induced selloff in the biotechs which translated into other sectors of the market.

Many biotech stocks were attempting to form a base when they had the daylights punched out of them with the downdraft.

These "throw the baby out with the bathwater" type days are exactly when people need to come in.

It's better to come in earlier than later, because this market is such that a single news event can send a stock soaring. A perfect example is AVAN which was bidding 17 in premarket this morning but closed at 13 1/2 the previous day. Had Clinton kept his big mouth shut today, we would have seen substantial gains.

Outlook: Prepare for a momentous ride up in biotechs which should last sometime into late April.

-Puff Daddy