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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (6684)	3/1/2001 10:40:47 PM
From: Jane4IceCream	Respond to of 19633

LOL!! NOt so sure you want to know my picks. I am using smaller allocations and turning them over sooner with tighter stops than usual. I will share with you I am now long GLW, JDSU, ORCL and a few others with starter positions looking for position or longer trades. Traded the usual momo's today like PMCS, AMCC, EXTR, SCMR and a couple nice calls of Tom's in ELNT and FNSR. Other than that, I am hit 'n' run. Wont bother to tell you my losses today but I surely had some. Jane

To: rogermci® who wrote (6684)	3/1/2001 10:53:08 PM
From: Street Hawk	Read Replies (2) \| Respond to of 19633

Oversold Bounce? I'm long-term bearish about the Nasdaq, but looking at the past Nikkei bubble in the late 80s/early 90s, its seems that there is a point where a stand is made by the bulls, where a sharp rally occurs and the index lingers on for a few months at higher levels off the lows. And of course, eventually sells off again to make fresh new lows. It looks like today could have been the day where the bulls made their stand, and rally the techs up from here to the 2300-2500 range, where it could spend a few months to base and go lower still and break 2000 for good. I hear so much about the 2nd half recovery and how stocks will bounce then. I believe the market might actually be perverse and foil that strategy. I think the Nasdaq is much more likely do better for the next couple of months and really tank again later this year. I still believe in the post bubble pattern, but the downtrend has been so persistent since October, there might be a little reprieve for a few months just to trap more bulls before the next leg down to break 2000.