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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (24641)	12/13/2000 9:39:25 AM
From: r.edwards	Read Replies (1) \| Respond to of 65232

The pattern of stocks that “warn” or get downgraded continues to either hold or rally – this occurs as a bear market is making a bottom. Early in a bear market, they “shoot” stocks that “warn”. EK rose 1-1/2 points on its second warning of the year. Conclusion: After the close, CPQ said it “won’ t meet expectations” and, so far, it isn’ t getting killed – that’ s already happened since early November. If it doesn’ t buckle, that would be another plus. NASDAQ hit the 3000 supply area we’ ve discussed the past few days and backed off – good!! The market now awaits Gore to “do the right thing” and concede. The likely market reaction is for traders to do some selling into any bulge. However, I do not expect any serious selling, as I think NASDAQ has started a good rally phase that lasts for six-eight weeks at a minimum. Buy the Semis on any further modest selloff."' (from RJF not me.) .