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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: greenehugh who wrote (1261)	1/10/2001 1:58:48 PM
From: Dave Gore	Read Replies (1) \| Respond to of 6445

Yes, Green, I also held back on buying LEAPS. It just isn't quite time. Let the media sensationalize the CA Recession and worry the Markets for awhile first. Just watch though, if stocks get cheaper and there is another surprise or more likely an announced Fed Rate Cut at month end, we'll probably get another big up day and then CNBC and others will bring all the Bulls out of the woodwork (again). So it goes. The "R" talk is definitely "in" right now, and each day it is factored more and more into stock prices...in my humble opinion, as always. It is always about expectations and not about what actually "is", right? After all, that's why some "no PE" stocks (and still even some dot com money losers) are still priced WAY WAY higher than stocks like KEM with a PE of 6.