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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: Jenna who wrote (96696)	5/9/2000 4:08:00 AM
From: lee kramer	Read Replies (1) \| Respond to of 120523

Jenna: I saw that movie...think it was Earthquake. The guy trying to tell the townsfolks to "stay calm" in the face of overwhelming evidence (a wall falls on 30 people) simply didn't have the proper style. I suspect Bill Clinton, Joe Battipaglia and Larry Kudlow could have kept the crowd in their seats...and smiling. The buy and hold theory has always had a flaw that tends to get overlooked when things go quite well for a long time on the upside. I think too that during this current carnage...there are institutions who are buying some really fine companies whose stocks have been hammered. They'll put 'em away and in a few years will likely do quite well. But for traders and others who don't have unlimited funds, unlimited time and are using (and watching) their own capital erode...well, it's gotta be tough or them. It hurts. When an NTAP slides from 120 to 40 the longs (now or not too long from now) say "It's too low, there's no sense selling it here", a few shorts begin to cover, the traders move in and a powerful, but short-lasting rally is on. That's the "game" now; it's foolish to not recognize it. (Lee)