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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (54610)4/16/2000 2:41:00 PM
From: Land Shark  Read Replies (1) | Respond to of 122087
 
IMO, much of the MoMo has been knocked out of the market. Sure there's cash on the sidelines, but, not the sort that'll get a fire going. The MoMo types who scanned for squeezable stocks, probably have taken a bath in the recent days. They've taken losses, margin up some more and buy on the dips only to see more losses and so on. The Mom and Pops are getting out too. Next will be the fund mgrs. forced to sell after a wave of redemptions. I think the days of MoMo are over and who'll know where the bottom is. There may be a bit of a bounce at 3000. I don't think any squeeze is in the cards.