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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: lee kramer who wrote (93221)	4/13/2000 4:31:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Beware of Recommendations in a Bad Market. PHCM.. Wanted in at 83 but market turn got me out of a good short, and I couldn't get back short in after escaping101 even though there was an uptick. On March 31, 2000, U.S. Bancorp Piper Jaffray Morning Meeting - reiterated a STRONG BUY on PHCM with a price target of $200 (stock was $169 at the time).. Portfolio advice can lead you astray.. The daily barrage of stock upgrades and downgrades also aren't very useful... A day after the Nasdaq plunged last week, Bear Stearns and Solomon Smith Barney upped their recommended mix of equities to 60% from 55%. In other words, brokerages that had been relatively bearish while the Nasdaq was on its powerful run turned bullish once it was dropping. Remember, an upgrade or downgrade is simply the opinion of one individual. The views of one or two Wall street gurus don't matter much if the market disagrees. You're better off watching a stock's chart pattern to figure out what the rest of the crowd thinks. Clear "Sell or Buy Signals" are worth more than 'recommendations'.. That is what we try to do here on the thread and with the service. It is way more profitable that buying upgrades only to have your 'upgraded' stock cut in two.

To: lee kramer who wrote (93221)	4/13/2000 4:55:00 PM
From: hjz	Read Replies (1) \| Respond to of 120523

EPNY and VIGN were my only longs today and even though both are up but the market really looked weak. That EPNY news of an agreement with Hewlett should have pushed the stock up strongly. It looked like we were going to have a positive day on the NASDAQ at 3:00pm when some buy programs hit but it turned out to be a short cover bounce. The shorts are controlling this market for now but remember that the last time the shorts had control was back in October of last year. Everyone knows what happened after the shorts were forced to start buying back then, the NASDAQ went from 2700 to 5000. It might take a week or even a month but at one point the bulls will take control again. We have all seen this before, remember last April and last August and last October. The three times the NASDAQ sold off like this in the last year only to bounce back to all time highs each time. It is so easy to look back and say I wish I had bought at that price but it is far more difficult to actually buy at these prices. Everyone just has to be patient and pick their favorite stock and try to find a price they are comfortable with. In two or three months, you will be very happy that you bought at these lows. HJ