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Microcap & Penny Stocks : Looking for a Bounce -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ who wrote (1431)	6/4/2000 9:29:00 PM
From: ChrisJP	Respond to of 1734

Wow ! Look at these early morning posts from SusieQ ! I figured the only things that would get you up and excited so early in the morning were an early morning tee time, a bus trip to your favorite river boat casino, or a chance to be out in the prairie-land wearing a floppy straw hat (and matching outfit) before it gets too hot outside. I never guessed it would be ......... paintball ! :-)) Maybe I should start wearing my camouflage battle fatigue clothing when I go online. <g> Welll I've poked around some of the market discussion threads on SI and I think, barring some unexpected news, my prediction for this week has a good chance of playing out. I wish I had a clearer picture further out. A rate hike, earnings outlooks, and next month's employment data make things really hazy. I'm pretty much accepting that we may have seen bottom at NASDAQ 3050 and may actually start incrementally moving cash back into funds -- starting with the next pull back. Then maybe right before the next FOMC meeting, and then around the next unemployment report. Here's a tip for you -- everyone knows NASDAQ 3050 is support, but also keep an eye on CSCO. It triple bottomed at 50 the week before last -- which is when I started thinking last week would make a nice rebound. If CSCO trades, for any reason, below $50 -- I would treat that as a "liquidate" signal. It's always tough for me to decide to buy back in, but at least I have what I think is a no-brainer sell signal. Good luck next week, Chris