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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (13934)	3/30/2001 1:12:23 AM
From: Dave Gore	Respond to of 37746

Notice to all "Long" Stock Investors - "The stock market is closed until Summer due to lack of buyers. Please come back then." Maybe I'm a softie, but I sure hate seeing all these people with IRA and 401K money allowing Fund Managers to waste away their money. Especially these tech fund guys. What a lousy job most of them have done. Unfortunately most people can't even short if they wanted too, and long term or not, it's seems crazy for them just to watch 40-60 or even 80% of their hard earned money go down the tubes. Of course, I've been saying this for weeks, that preservation of capital is king. As for daytraders that are good at what they do, this is a very lucrative market, at least on certain days. I sense that it may be worthwhile to go long in certain industries like Biotechs, drugs, healthcare, certain cyclicals like the auto industry perhaps and perhaps certain financial stocks like a FNM or select retail like COST or HD. Sure tech will bounce from time to time but the trend is still down. There may be no visibility for some time. It's hard to believe that AAPL and other boxmakers and certain early cycle stocks like KLAC and AMAT could be ready to move up in a few weeks, but they do look to be the first ones in tech to do so. MU may do well and even INTC when the boxmakers rise. I cannot understand why anyone would buy any stock of any company that says they have no visibility. I heard a CNBC guest say today that even when IT managers start to unleash funds again, they will certainly be able to demand and receive great deals at low margins. As an example, MU had VERY low margins last quarter, something like 18%, down from 40%-50% or more as I recall. I tell ya, what a gift to be able to pick up some tech stocks 30% or more cheaper down the road. In the meantime, follow the daily trend or come back in the Summmer.