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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 (117214)11/22/2000 1:45:10 PM
From: KevinMark  Respond to of 120523
 
Jenna, good luck if you carry your shorts forward. See you on Monday.



To: Jenna who wrote (117214)11/22/2000 1:58:12 PM
From: KevinMark  Respond to of 120523
 
This recovery will not happen for several years, but a short term rally is inevitable.



To: Jenna who wrote (117214)11/22/2000 2:16:11 PM
From: Dave Gore  Read Replies (4) | Respond to of 120523
 
Jenna, with all due respect, Kevin may be right about a furious rally next Monday. IF (and I say if) Dade does not recant their decision to not count, the odds are Bush wins and is certified next Monday.

It could happen. Then we see tech and biotechs rally like mad....and even Mr. Softie (albeit temporarily)

We could see a relief rally of 500 points easily in the COMPX. It could be the short term catalyst that the Markets want. Then after a few days, the earnings warnings worries and Fed easing, etc. will again take center stage and we stall and fall again.

But a quick and fast rally is more likely now than I thought. I give it a 50-60% chance next week.

The market reaction to the the Dade vote is very telling that the Market is ready for results of the election to be OVER!



To: Jenna who wrote (117214)11/22/2000 2:42:50 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
MVSN. marketgems.com when stocks take out the last vestige of support, there is not much to do except short further.. Eventually they may recover and the cycle begins again but for now they are still short bait until proven otherwise.