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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: LindyBill who wrote (22216)4/4/2000 12:45:00 PM
From: Mike 2.0  Respond to of 54805
 
Re rebound...We may well have to wait til next Monday IMHO for a rebound...is this the effect of margin calls, or panic selling at this point? I suggest the latter. Given the incredibly negative tech sentiment, the carnage may happen right into Friday close; too many people afraid to hold over the weekend. But a new week may well bring a new dose of common sense...BWDIK...

Anyway that's my story and I'm sticking to it...Fans of The Jam from the 80's will know this song: "Oh baby, dreamin' of Monday...Dreamin' of Monday..." :-}



To: LindyBill who wrote (22216)4/4/2000 12:52:00 PM
From: Triffin  Read Replies (1) | Respond to of 54805
 
Lindy Bill .. Market Action

For those that have some 'dry powder'
Any inclination to 'bag' a gorilla or
overthrow a 'king' given the the current sales ..
SEBL/NTAP/JDSU looking tempting ..

Jim in CT ..



To: LindyBill who wrote (22216)4/4/2000 2:00:00 PM
From: StockHawk  Read Replies (2) | Respond to of 54805
 
>>As soon as we bottom, you will see the funds back in with heavy buys. <<

Well, the nasdaq hit 3650 at about 1:15 and 2 million shares will have crossed before 2pm, which must mean today will be a record volume day - by a good measure. Perhaps this was the fear-inducing sell-off that was needed before the techs could start back up again.

As noted, cash has been coming into the market and the rising dow on recent days shows that money is rotating, not leaving the market. Funds should rotate back to tech once some recovery is seen. No one knows, but those are some reasons for optimism.

StockHawk