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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Drbob512 who wrote (4619)	9/14/2000 1:12:12 PM
From: player203	Read Replies (1) \| Respond to of 100058

Dr Bob and traders: We did see some buying and short cover yesterday. The short cover is continue today because the volume is very light. I checked a few hot stock such as CIEN, JNPR, GLW. They are very expensive now. In the other word, you can make more profit in downside rather up side. For example JNPR is up 90% in August and its market cap is 62 bil. It is much easy for JNPR to stay with market cap 40~62 bil than 62~80 bil. I.e Jnpr is very hard to reach 268. I think the market will be back to 3700 which was given by Dr Bob in his previous posting. If I am wrong and all fund managers jump in at this point and buy stocks, most stocks will be expensive. We will have another answer: the market will be like Sept 1987. It will have a big crash in next April. I do not believe Fed will allow it happens. In conclusion, I believe the market will be pulled back to 3700 even 3500. Please give me your points. Thanks.