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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 (118730)	12/11/2000 4:35:10 PM
From: Dave Gore	Respond to of 120523

Jenna, I expect the market could just as easily go down tomorrow as up. We'll see. CNBC reported that many traders are going to sell as soon as the Supreme Court ruling is announced, apparently even if the recount is called for. Stange, huh? I just can't see this being a time for the Market to rally for long. Look how badly JNIC got killed today on a relatively minor miss. Plus too many LOVE the market here. Bad signs perhaps. However, it is possible that the the SEMI's will hold up a few days longer. DS just warned but the stock is not dropping much. Perhaps there were tons of put options purchased on Semi's and the Big Boys want to rendwer them worthless and so may wait until next week to tank them again. We'll see. We're all just guessing, aren't we? We'll see, but "Smart is Flat", huh?

To: Jenna who wrote (118730)	12/11/2000 4:37:10 PM
From: Dave Gore	Read Replies (2) \| Respond to of 120523

Jenna, I expect the market could just as easily close down tomorrow as up. We'll see. CNBC reported that many traders are going to sell as soon as the Supreme Court ruling is announced, apparently even if the recount is called for. Stange, huh? I just can't see this being a time for the Market to rally, at least for long. Look how badly JNIC got killed today on a relatively minor miss. Ditto SUNW. Plus too many seem to LOVE the market here. Further, everybody is expecting favorable Fed action, so it may be built in already. And others are taking that a step further and saying if the Fed eases it means that it will be because the economy is weak and earnings warnings will continue. Bad signs perhaps. I am more negative than positive next week (just after the Fed makes it announcement), but this week I can't decide. PS- it is possible that the the SEMI's and other techs will hold up a few days longer. DS just warned but the stock is not dropping much. Perhaps there were tons of put options purchased on Semi's and the Big Boys want to rendwer them worthless and so may wait until next week to tank them again. We'll see. We're all just guessing, aren't we? "Smart is Flat", huh?