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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (46278)4/14/2000 3:23:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
To All the Thread regular contributors and regular lurkers:

I guess we can NOW expect a truck load of folks to blow in on this thread and beat their chest...and say look at me...I made the call...yada yada yada...LOL!

Regards,
LG



To: HairBall who wrote (46278)4/14/2000 3:26:00 PM
From: SouthFloridaGuy  Respond to of 99985
 
Here's the first thing I could find:

To: IFLY_Trader who wrote (761)
From: Stock Operator Wednesday, Apr 5, 2000 9:02 PM ET
Reply # of 843

Great post, people should keep in mind that there are MANY undervalued tech companies out there.
However, these companies are more in the "old tech" area...IBM for instance, Western Digital, and all the disk-drive makers, semiconductors, etc. Also some great biotech companies like IMCL, which will serve as great longs if bought on dips.

Internet, wireless, and big cap techs like CSCO, SUNW, or ORCL; forget about it...way too expensive, way too played out.

However, in the medium-term there is more money to be made on the short side for position traders. When the market settles in the low 3,000's, my hope is I can get into WDC, AMAT, at current levels and still hold my profits from bloated pigs.

3 month low on Nasdaq - 2,900 - IMO.