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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 (96792)5/9/2000 11:43:00 AM
From: Jenna  Read Replies (2) | Respond to of 120523
 
NASDAQ will turn to the upside in my opinion. Time to cover some of those shorts and dust off the long plays. Yesterday the shorts surged as the stocks plunged, today its giving back a little less and the drop is not as precipitious. First time ever in AETH and if you can't beat 'em join em I say. I had a heck of time shorting AETH.. until the bottom finally fell out, but I got a respect for that stock with the difficulty. Same thing happened with NEWP before. Eventually I was very comfortable both long and short positions in NEWP. I hope it turns out that way with AETH.



To: lee kramer who wrote (96792)5/9/2000 7:48:00 PM
From: Lane Hall-Witt  Read Replies (3) | Respond to of 120523
 
Lee,

Ha! Or, as OJ would say: hahahahahahahaha!!!

I'm with Dortmunder. I took the day off completely: hooked up with a friend whose semester of teaching just ended and had a nice brunch, hit some bookstores, hung out in a coffee shop, caught some rays (90+ degrees!). It was great. My only regret (an expensive one) is that one of my favorite "value" stocks, VNWK, ran this afternoon on news with CSCO. Damn, I was watching that one closely -- until today!

Hahahahahahahahahaha!!! Ugh--.

I expect to remain mostly on the sidelines for the next couple of days and then will probably nibble for the Fed relief rally. It looks to me like the pundits are ready to spin any Fed move into a plus for the market, so that could bring buyers back for at least a brief surge. It sure looks like most of the players who want out already are out. My question is: does the selling these past several weeks mean investors have been raising cash that's now poised on the sidelines, or does it mean we have just washed out some of the debt bubble that has supported the markets?