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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 (119567)	12/19/2000 2:25:08 PM
From: Dave Gore	Respond to of 120523

My earlier prediction of a drop then rise tomorrow or Thursday may come true. I can't see shorts doing well for long and how can anybody really be surprised at this. The Fed has NEVER moved in one month from a tightening bias to a cut. Plus they can intervene prior to the next mtg if they want. Unless the market wanted an excuse to sell off, then we should be fine soon.

To: Jenna who wrote (119567)	12/19/2000 2:27:09 PM
From: hjz	Respond to of 120523

This Fed news is actually very good news for stocks, there was an over reaction that there was not a rate cut but this has been a bias change in 2 steps. That would be big news if there wasn't that rumor of a rate cut. HJ

To: Jenna who wrote (119567)	12/19/2000 2:35:08 PM
From: KevinMark	Respond to of 120523

No change in rates, BUT a change from tightening to lowering rates, instead of a neutral bias. This will be a short-term catalyst for a rally. I don't expect we will see much selling after this news. Tomorrow may be the last day to hop off that short train till February, before we ramp up on Thursday. KM

To: Jenna who wrote (119567)	12/19/2000 2:35:13 PM
From: nokomis	Respond to of 120523

CY and NSM very strong today...am betting PSEM will be the next semi to move up...down 3 from intraday now

To: Jenna who wrote (119567)	12/19/2000 2:43:07 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

SHORT TERRITORY HERE....careful with longs. CSCO was doing well and now its 40% of day high. DOW is powering down and nasdaq as well. We are looking for a possible call option in CIEN but treading carefully. We are deep into shorters territory. Shorts are powering much like the longs were powering before. To get the uptick you had to have gotten short BEFORE the meeting.. in fact we were 15 minutes or more before the meeting and most shorts were still in positive territory.