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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: GREENLAW4-7 who wrote (46238)1/25/2001 7:13:01 PM
From: GREENLAW4-7  Read Replies (1) | Respond to of 57584
 
With the top NASD generals JDSU, PMCS, BRCM, and others warning of slowing in coming months, or EARNINGS CONTRACTIONS, why would anyone buy these stocks at the current REDICULOUS LEVELS!

I HAVE NEVER HEARD SO MANY NEGATIVE FORWARD LOOKING EARNINGS STATEMENT IN 13 YEARS OF TRADING!

Not to add salt to the situation, but the recent run up seems to me allowed many FUNDS to liquidate or short those generals. I believe things will get worse because no matter what Greeny does, .25 0r .5, you still have a buy on the rumour and sell on the news scenerio.

I hope some listened to my post over the weekend and bought the drillers, they are on a nice run since monday. Please remember we are trading at a PE of 100 on the nasd 100, and we are approaching decreasing earnings growth. This equates to 1400-1800 in the nasd. I think it may not take as long as many believe.

Good luck all!



To: GREENLAW4-7 who wrote (46238)1/25/2001 11:59:09 PM
From: Softechie  Read Replies (1) | Respond to of 57584
 
Greenlawn I despise those highfliers and always keep a short positions out just in case like today. Last night I posted that I would start adding to my short positions and I did today. Nothing much but I'm going to add gradually and not as aggressive like before since they've got capitulated good now but I see they're going to test those lows one more time. Good luck man.