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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (35223)	4/15/2000 1:16:00 AM
From: Bid daddy	Respond to of 62347

If you buy inflated crap, and are margined to the hilt, then yea! suicide may be the answer, otherwise, short, buy sell, whatever. Bargains coming up, before long, but give it a week or so. No hurry! Friday April 14, 8:34 pm Eastern Time UPDATE 1-Abby Cohen optimistic despite sell-off (Adds further comments, stock market closing prices) By Greg Cresci NEW YORK, April 14 (Reuters) - Speaking after the U.S. stocks suffered their biggest one-day point loss ever on Friday, top investment strategist Abby Joseph Cohen struck an optimistic tone and said equity prices are likely to rise from current levels. Speaking on CNBC, the Goldman Sachs (NYSE:GS - news) analyst said the U.S. economic expansion is ``far from over' and forecast that corporate profits will still go up. Addressing the beaten down technology sector, which until recently fuelled spectacular stock market gains, Cohen said the outlook is bright for those companies with strong fundamentals. ``As we look forward, we are still very comfortable with the mainline technology companies, those primary companies with fabulous product development, revenues and earnings.' Cohen, who depressed stock prices recently by trimming the proportion of assets she advises clients to keep in stocks, said corporate earnings reports may provide investors with comfort going forward. ``To the extent that the market is now lower, we think that there's a higher price appreciation likely from current levels.' Cohen said companies in the financial services, pharmaceuticals and global cyclical sectors offer good potential buys. As for the stomach-churning sell-off in Friday's market session, which left the Dow Jones industrial average (^DJI - news) down 617.78 points, or 5.66 percent, at 10,305.77, and the Nasdaq composite (^IXIC - news) off 355.49 points, or 9.67 percent, at 3,321.29, Cohen said it had little to do with traditional economic forces. ``I think what we have seen (today) is very much a market event rather than an economic event,' Cohen said. ``As we take a look at our expectations for earnings, economic growth and so on, really nothing has changed over the past two weeks.' Cohen said inflation is unlikely to move dramatically higher and added that the Federal reserve will probably continue to raise rates incrementally. The Federal Reserve has raised interest rates five times since June. ``Clearly, the thing that we have concluded to this point is that there has been no change in the economic backdrop of the stock market,' Cohen said. ``We think economic expansion continues throughout our forecast horizon (of) 2000-2001, and it's very hard to find a period in which economic and profit growth continues and the bull market ends.' Copyright 2000 Reuters Limited. regards

To: Berry Picker who wrote (35223)	4/15/2000 2:41:00 AM
From: Shaw	Read Replies (1) \| Respond to of 62347

No real panic yet, imo. The "crash" over the past few days was very orderly. The trading today was nothing like the trading of last Tuesday. When we see that next (if), I think we will finally see some incredible long opportunities (ST). I havent been bullish for a month so it's certainly strange for me to say <gg>. I will personally working all day Sunday on making my high beta stock list. I will have a couple of computers workin next week so I can fit things on my ticker. This may well be the best week for daytraders in the history of the 'craft'. jmo, and best o' luck to all.