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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Alidotr who wrote (116462)	11/9/2000 9:26:12 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

"More downside"..unfortunately, it doesn't take much to get this market off kilter, but it takes an AWFUL lot to turn it around for more than one day. Its also got a lot to do with disenchantment in general. The election farce did not help either. I'm not a scholar of economic climates, but it seems a bit obvious that we are slowing down. Its not just the tech sector, its the trucking sector, the railroads, the airlines...selected retail Also when you see difficult economic environment taking its toll on companies like ShopKo, Best Buy, you have to be aware. Companies with incredibly high multiples have to stand alongside companies like Best Buy? Its almost no contest and yes, I would not be an investor in this climate. We take occasional 1-3 week long foray into pharmaceuticals, insurance, financial sectors to 'supplement' trading income but I thank G-d we have options, because without options, I would have no guts to hold anything long in the tech sector overnight. Short Plays although easier to hold overnight, give you much better bang for the buck when you can pick up 4-5 put positions in triple digit and high double digit stocks, and leverage them for a small fraction what it would cost to short those stocks. There are a number of retail stocks reporting next week. It would be a good idea to prepare for the October retail sales reports on November 14. Tuesday, November 14 ET/GMT 0830/1330 October Retail Sales (last +0.9%) 0830/1330 October Retail Sales, Ex-Autos (last +0.7%) 0900/1400 BTM-UBS Warburg Chain Store Sales Index For Nov. 11