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To: Bridge Player who wrote (5635)3/27/2000 5:48:00 PM
From: edamo  Respond to of 8096
 
bp..."snippets"

one may be better off playing "momentum", as that is all that has any semblance of logic in the current and future markets.

too much money, chasing too few issues on a rotational basis. stock goes up because it is being bought, being bought because it is going up....until an "event" occurs to break the momentum.

only caveat is that momentum be played with the quality stocks,as they will return to that mode. money managers, even "value types", are constantly changing their definition of value. doubt many mutual funds hold anything long term...merely put the stock on the books at reporting time.....believe it is obvious based on the overall volume and turn over...
too much chance of whipsaw in the esoteric issues as recently demonstrated in the bio techs.....wait until you see the carnage in the b2b sector....