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

To: velociraptor_ who wrote (14938)	4/5/2001 2:10:55 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

Sustained rally now? Perfect short squeeze trap forming. With a new consensus that the bottom has been put in, more and more tech buyers will be continuing to buy and hold. And thre is tremendous cash on the sidelines. More than we've had in many years. Top techs are now at value stock PE's (10-25) and LU jumped 30% from its bottom yesterday in one day. The sustained rally may not come all at once and steadily but this feels like the right time to go long and stay long at least for 30% gains. Much less downside risk than ever before and the more shorts caught in the squeezes the fewer and fewer there will be going forward. By May shorting techs should be a thing of the past as many-many will lose much or all of their recent winnings by continuing to short into rallies which this time don't end.