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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (25602)3/15/2000 11:06:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68378
 
It is nice at time to just be able to turn off your screen and forget about it knowing that short term moves will have no effect on the ultimate pot of gold a few months or years down the road. I did really well on QCOM and RMBS is finally turning into a winner. Of course, CSCO and TLAB have been stocks that keep giving and giving over the years despite the occasional stumble.

I am curious, what are you investing in? Your tolerance for risk was always different from mine.

On the job front, PMCS mentioned that they thought there was $8 billion of chip design that currently happens in house that will be eventually outsourced. Are you finding that this is the trend?



To: Clint E. who wrote (25602)3/16/2000 8:19:00 AM
From: j g cordes  Read Replies (2) | Respond to of 68378
 
Hi Clint, Harry, Suresh, Dorothy and all.. what a night! I tried to make New England boiled dinner in a pressure cooker. I'm not one to wait for good things so I didn't allow the pressure to fully escape before prying the lid off. Wham.. the screw on top left my hand, went up a foot in the air, a cauldron of cabbage (don't you like that phrase) amounting to half the contents went shooting across the kitchen coverning the stove, spice racks, pots and pans rack, refrigerator, out into the living room onto a Persian rug, landing a small chunk of corned beef two inches from the nose of the dog.. who thought mana had arrived from heaven. A three hour clean up!

So while still on the Irish theme Michael Murphy sent me this ditty this morning on the market.

"I'm looking for this correction to continue to play out over the next 4-6 weeks, fueled largely by the Federal
Reserve's expected interest rate hike on March 21st and the resulting impact on tech stock price/earnings valuations.

Once we get this downturn out of the way, however, I think tech stocks are going to soar clear into 2000 and 2001. Why? First, strong earnings growth for technology companies this year and next is going to drive the whole sector to new heights in the months ahead. And second, history shows me that the Fed is unlikely to act against the stock market in the second half of an election year. This means that you must act now to get fully invested by Easter, or you could miss the biggest tech stock buying opportunity of the next two years!

After yesterday's drop, there are now 5 technology companies that I'm advising my readers to buy today at tremendous discounts. And I expect several other dominant technology companies to dip into my buying range in the next few weeks. I'd love to share the names of these companies with you, but in the interests of my subscribers I can't do it."

So there you are, both the dinner and Murphy are in the dumpster. LOL



To: Clint E. who wrote (25602)3/21/2000 6:41:00 AM
From: Clint E.  Read Replies (2) | Respond to of 68378
 
FYI; I made a couple of adjustments on Thurs. & Friday but I have kept most of my positions. No reason to panic if you have a basket of good stocks with decent entry & you're looking to hold for a while.

Looking to add stocks such as VITR & AVNX today.

Looks like a range-bound nasdaq market. I am betting that we'll see the top of its range(above 5k) by April.