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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: Jenna who wrote (116950)	11/19/2000 2:03:47 PM
From: Dave Gore	Read Replies (2) \| Respond to of 120523

Jenna, there's always a chance to get in and profit no matter how fast the market starts out. What I was talking about was getting in at extremely good (low) prices.*** (i.e. AMCC at 54-3/4). Anyway, it's probably a moot point now after the events of this weekend. We won't know much until at least after the bell Monday, although Bush has a pretty good lead now and Gore is not gaining many votes on the recount. Moreover the market is due, imho, for an upside move. The market is self-correcting and right now things look oversold. I still think we will have a nice little rally in the NASDAQ and DOW after perhaps a little more downside. Lots of money sitting on the sidelines. I see 11,200 DOW and 3,800 NASDAQ by year end...or certainly by Mid January. The timing depends on the number of earnings warnings we get in December. The one caveat is whether analysts and companies have scaled back expectations of top and bottom line growth enough. LIFE AND TRADING IS ALL ABOUT SETTING APPROPRIATE EXPECTATIONS