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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (24083)	6/3/2000 3:29:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 42787

16%? I've got 3101 as the close last Friday and a high of 3759 yesterday. 21.2% rise. Course that's the NDX not the NAZ. I've been very focused on the QQQ lately ... Did you notice the nice futures sell off after the bell?

To: Lee Lichterman III who wrote (24083)	6/4/2000 12:16:00 PM
From: Dan Duchardt	Respond to of 42787

Lee, This weekend's contrarian argument is going to be the side line money I keep reading about on other threads. Everyone is saying there is all this cash on the sidelines waiting to buy. I say hog wash!!!!!!!! If there is so much money, then how come they are having to sell DOW stocks to buy techs? Why is GE lagging and actually dropping during the rally along with other big Market cap stocks to buy smaller cap ones. Because there isn't enough cash and they are having to sell where they can get away with it to speculate that the returns will be greater in tech land. I may not be the "typical" individual investor, especially when you consider that I missed a lot of the gains other people enjoyed between October and March because of a more conservative approach, but I don't think it's unfair to believe even the typical amateur out there has absorbed some knowledge along the way. If we give the masses a bit more credit, perhaps many of them realize the bubble will not last forever and are keeping some cash on the side just in case. I expect the rotation into and out of techs has not been lost on all of them either. I'm guessing there are a lot of people for whom rotation is now the name of the game. Why leave money in big cap stocks during a tech rally when recent history tells us they are likely to go down? Moving it makes a lot more sense than exposing cash reserves (if they do exist) to high flyers while absorbing a draw down on the big names. I for one have a keg of dry powder that won't be broken out until I see a broad based trend replacing this rotation. I may miss some again, but I won't go broke on a few bad economic numbers. Dan