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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: couldawoulda who wrote (20189)10/27/2000 1:24:18 AM
From: charlie mcgeehan  Read Replies (3) | Respond to of 49816
 
i'm sure you'll not be forever wrong. the difference of opinion is one of the things that make the market so interesting.

good luck to you
charlie



To: couldawoulda who wrote (20189)10/27/2000 2:50:06 AM
From: SirRealist  Read Replies (1) | Respond to of 49816
 
Right or wrong is irrelevant when we're all advancing educated guesswork. Here's mine:

-- mutfund tax-loss selling season ends Monday because Tuesday is window dressing day.

-- money flow and price drops make clear which companies make for good window dressing.... sector leaders and leading sectors.

-- the cash accumulating from tax loss selling found good bargains in the right sector Thursday.

-- the JDSU report (oops, I lost a billion dollars in 3 months; plus all the gross revenues. my bad) was spun as sweet as cotton candy. Its nutritional value is irrelevant for a few days. The immediate pressure on the sector is off.

-- the money flows to the fattest for the next 3 trading days.

--MRVC reports Monday. ONIS reports Tuesday. NOPT reports Thursday (like this one; see AH news btw). CSCO reports a week from Monday. OPLK reports the day after CSCO... a few hours before BKHM reports.

--MRVC spinoff is due the week CSCO reports.

--NUFO and ONIS unlocks are not far off.

--Govt involvement, either the US or Saudi Arabia, in the oil situation, is near.

--The optical sector will see variances in individual performances, based on the factors I just noted.

--After 5 of 12 trading days broke 3100 to the downside and three challenges to 3000, support has held.

--Mkt sentiment is bullish for Friday and only a bad GDP or other bad news can turn Fri/Mon sour.

--Up or down, I don't expect heart-stoppers like Thursday for another 3-4 trading days.

--Declines next Thursday, Friday, Monday or rises? Depends which political party controls the oil spin.

And opticals will decline a little in November, but the serious optical downturn will come in Dec/Jan.

Just my best guess.