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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: rocklobster who wrote (118960)	12/14/2000 12:21:59 AM
From: KevinMark	Read Replies (1) \| Respond to of 120523

>>>everything I watch got about a 10% plus haircut today in one day.... I don't like dayz like this.. still think the one night stand is better idea here...FWIW <<< Why? Could it be that they ran up almost 100% in 7 trading days since November 30th(Nasdaq low)? Let's take a closer look as some recent movements in a few issues... Timeline: November 30th intraday lows to December 11th intraday highs, 7 trading days. TQNT: 92% JNIC: 41% BEAS: 72% CIEN: 80% NTAP: 99% SCMR: 80% CORV: 77% AKAM: 48% INKT: 111% BRCM: 66% BRCD: 52% FDRY: 50% AVCI: 137% I think you get the drift here. Whatever you watched go down 10% today more than likely didn't deserve a 50%-100% run up in 7 trading days either. The point? The real winners were the ones who wined and dined Jane for 7 trading days instead of having a one night stand. The money remaining in the markets isn't going to get shaken out anytime soon, therefore it will pay to buy the dips for the next 2 months and hang on, than it will to short overbloated pigs. Late February will be the time to load the boat on the short side again, that's when lockups expirations will come calling, tax selling, and every analyst will be pumping 4000. KM