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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (91421)	4/4/2000 6:41:00 AM
From: lee kramer	Read Replies (2) \| Respond to of 120523

Nokomis:...and other 'Gemmer traders. I have no idea what the NASDAQ will do today. But Dortmunder offered the following suggestion. Select one or two stocks you really like; perhaps a bio or a tech or even an internet that's gotten clobbered. Something that's down 40-70% in the past few weeks or days. Put in a bid at a ridiculous price. We've got a situation where the buyers simply are not buying, there are few bids, and stocks that not too long ago were flying are dropping faster than a Derek Lowe sinker. You may not get your "ridiculous" price...but if you do, there's a pretty fair chance you'll be able to sell it in a day two or three when the sellers finally toss in the towel, the shorts start to cover and the traders clamber in. The ensuing rally will be powerful...though it might be short-lived. (Lee)