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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (39843)	1/2/2001 8:03:34 PM
From: Poet	Read Replies (1) \| Respond to of 42787

It must have been a great day! Only if you were short, honey-chile. <g> And even then it was a wee bit depressing. About those QQQ LEAPs, that's just the strike I'm looking at buying too. When the NDX gets to your theoretical bounce point, put in a limit order at the ask. No use in fighting for teenies on LEAPs, IMO.

To: Lee Lichterman III who wrote (39843)	1/2/2001 8:16:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

A couple answers to some questions I saw here as I caught up... Regarding GE, they are being investigated for some Airline Engine failures. Apparently their turbines have a nasty habit of disintegrating in flight. Is that a bad thing? <g> Of course I wouldn't disregard thier financial exposure either but the engine thing was what was in teh news this morning. Regarding highs and lows. Yes, I think that today was the big boys that hadn't dropped yet turn to fall. I have been noticing the last few weeks that most stocks that sold off earlier last year have been trading pretty flat and are finding a range. They already had substantially lower lows earlier so they probably won't hit them again now that the bad news has been factored in. The ones that are dropping now were acting like they were immune to PE contraction and yet were some of the most bloated ones out there. They are now just playing catch up but unfortunately for the indexes, they are also the most weighted. I ran my check of the NDX weightings this weekend and while it was evening out some more over the last few weeks, CSCO, QCOM, SUNW etc still made up around 4-6% of the indexes each versus the other 90 stocks making up 1% or less. Therefore we may not get a big spike of new lows yet the index can get real ugly as those 8 - 10 stocks finally drop to more realistic valuations. Speaking of realistic, anyone catch the WCOM upgrade today? Target price was given of 45 a share. Gee, only a 400% climb for a long distance carrier that can't sell bonds. I wonder how many bought that story. <ggg> Anyone know what was going on with Gold today??? Some pretty weird price action with large spikes up and down between 267 and 272. If that wasn't manipulation going on, I don't know what is. Maybe GATA has a valid claim after all. Still haven't downloaded data yet. Wanted to try and play catch up on the boards a bit first. Good Luck, Lee