Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Gore who wrote (118497)	12/8/2000 10:38:41 AM
From: hjz	Respond to of 120523

Dave, I think today's movement is more positive than Tuesday's move. Tuesday's move was definitely a short squeeze cover that was compounded by Greenspan's statement but today there is actually alot of buying in the market. I saw this mentioned on another board on Silicon Investor and I checked the charts and this move is very similar to the move the last week in May. If you look at the charts, the market moved from 3000 level to about 3800 and that was the start of a nice summer rally. Now I don't think we will have that type of rally where the market finally topped out near 4300 which was a 23% gain in about 1 month and a half. However, many theorists believe that the market does repeat similar patterns so this market might have strength into the 3200 level before the end of the year. It wouldn't be a straight line move but there just might be enough buying momentum there for a year end rally. It is a very good sign that the market has survived this INTC warning and if we close near the highs of the day that is a very good sign for this market. HJ

To: Dave Gore who wrote (118497)	12/8/2000 10:58:55 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 120523

Dave: I won't dwell long on the politics, but I'd certainly be cautious ahead of the Supreme Court. My prediction is that the two absentee ballot cases turn up nothing for Gore. If wrongdoing is found, the remedy will focus on the county officials and the Republican operatives; at this point, it is hard to imagine ballots being thrown out. However, I still think the Fla Supreme Court could well call for a recount. Did you listen to the closing arguments in the Seminole case? The judge was asking Bush's attorneys why exactly she shouldn't throw out the ballots. She got them to build up a big record of statements like: every voter has a right to have their vote count; you can't throw out legally cast votes due to technicalities or flaws in the electoral process; etc., etc., etc. If this sounds at all familiar, it is! That's exactly the argument Gore has been making all along. My conspiracy theory du jure is that the Seminole case was designed all along to get Bush on the record with the Gore argument, thus giving the Supreme Court cover to decide in favor of counting legally cast votes that remain uncounted (or "undercounted") due to technicalities or flaws in the electoral process. With apologies to SI Admin (Jeff)! But I note all of this because these cases will clearly affect the markets.