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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: DukeCrow who wrote (63952)	12/8/2000 6:30:46 AM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

To me, Duke, your asking the 'wrong' question! How HIGH can it go, is better! When companies come out and say the future is bleak and it will take a couple quarters (at best) to turn it around...And most agree that there is a saturation issue in what they sell...and the world economies are slowing down...I prefer to stay away because the stock price is not going much HIGHER from here (near term). A company like GLW says they have orders through September next year. Can they avoid a slowing economy? Maybe not, but at least they have one strong positive...their business is very strong right now. This is true of several other growth companies. Thus I don't 'bottom fish' in companies that shouldn't fall much further, I buy companies that can move up substantially from here. Ps. Many companies trade below book value. Appl could go down another 25% or more. Good luck. Steve D.