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

To: Suresh who wrote (26013)	4/6/2000 8:14:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 67861

Hi Suresh. Lots of hit & run trades take place after such a turbulent ride so we need to give some of these stocks a bit of time to recover. Last night, I modified my 040400 winning stocks list(let's call'em beach_balls) and I'll post them later. It is impossible to keep up with all these stocks and really know them well so I don't know if EMLX would hit 50 again. It could but doesn't seem likely since it is within a hot sector with real growth and earnings. Of course, the same statement hasn't helped JNIC so it is not just a matter of sector growth, as you know. >>> pundits are predicting that.... Last Monday night, I sent an email to my "worried" friend(best friend) that the nasdaq should hold around 4125-30. We had dropped ~380 points on that day and he was a bit worried since he had bought a few stocks that day. That was the night before Tuesday's big drop to 3650. My friend was saying that his other source, Michael Murphy, thinks that we're heading much lower, below 4k. Well, I was definitely wrong since we pierced thru 4125-30 with ease. MM was right for a brief moment. The point is that, like the merry-go-around(sp??) wheel, we all get our chance to be wrong or right when we try to predict every move of the market. The important thing is not to fold under the pressure, know when to pull the plug, when to average down, and when to stay put. It is all about discipline. In retrospect, I made a couple of mistakes, namely not doing my homework on one company(vntr) and therefore cutting my loss a bit too late. I will try my best not to do that again. Off topic, my number one issue with the tech bears is that I don't see how they can be bearish when the US & global economies are strong and still growing. More importantly, how can I be bearish when the US hi-tech companies are ranked number one in the world in almost all categories and have such a hard time filling hi-tech positions? When a slowdown comes, that's when I will turn bearish. That's when hi-tech companies no longer offer 3k shares in stock options to sign you up! Who knows? That could be next year. >>>For fun,... I am betting that CSCO's market cap will be lower than the high it is going to achieve this year in the year 2005. Thinking of another msft in making? Clint