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

To: couldawoulda who wrote (4949)	9/16/2000 2:03:46 PM
From: idealist1	Respond to of 100058

couldawoulda, tech valuations are still a major concern for many. I don't see a major Fall rally (as in last couple of years) unless there is a further shakeout, especially high growth companies with no earnings. Money on the sidelines may not be willing to commit at this valuation level. While Ralph Bloch is probably wrong about retesting the NAZDQ low, I forsee sideways movement within a range and only a moderate bull in the November-February period. As of now we are going nowhere as attested by fake breakouts, price increases on low volume, lack of clear trends, and selling into rallies. Having said that, I am buying stocks with depressed prices such as DELL, NT, TXN, NXLK. I'm not sure about MSFT, as its target price has been lowered and may need more time to reinvent itself. Am also thinking about some incremental buying of the high fliers that DrBob mentions, such as AETH, GLW, NEWP, SDLI, although these may still have some downside left if you are investing for a longer term frame. September is only half gone and October is yet to come. The only way to make money now is to trade. My best results are coming from intraday trades within the highflier group plus selected IPOs. BTW, NEWP just punched through the upper Bollinger band and might be good for a quick short. You've got to be nimble on these. A good bet for a potential 50% increase by Christmas is JDSU which is approaching an attractive price. I'm also interested short-term in GSTRF which may be ready for a major short squeeze (56% of float is short), thanks to someone on this board. I will take a look at your FDRY.