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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 (119462)	12/19/2000 12:20:36 AM
From: Jenna	Respond to of 120523

Not impressed. Look for short plays in the Dow now. DOW has had many companies with warnings and it makes no sense that this prop up rally will continue for the DOW. Its more likely that after a bounce rally on anticipation the dow will head for the low country. I would also collect all the triple digit P/E plays together and plan to reshort them as well. They will not likely survive when the slightest shadow of bad news takes out not only the errant stock but half the sector as well. The nasdaq dropped within 5 minutes this morning providing a host of shorting opportunities.. It might work a little in reverse tomorrow but I don't expect shorts to be idle tomorrow.