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


To: shadowman who wrote (48459)3/6/2001 1:57:32 AM
From: American Spirit  Respond to of 57584
 
Market analysis: There's a big storm on the East Coast and low volume but a few more sessions like today and I think we can confirm the recent bottom (though some stocks are in the process of bottoming now like VZ, LOR and SCNT I mentioned earlier). The highest quality techs are rising back to where their future bottoms should be, like SUNW at 21, ERICY at 9, INTC at 31 etc. I see plenty of quick potential gains in all these oversold ones and particularly in leaders like EMC which has just bounced off its apparent bottom. As confidence slowly re-builds and the Fed cuts I think we will find that this time period right here is where the bargain-buying presents itself, that is, before everyone else starts buying again. Just my take. I could be wrong.