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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Psycho-Social who wrote (75713)	4/23/2001 1:34:42 AM
From: American Spirit	Read Replies (4) \| Respond to of 99985

I think this rally will continue until tech stocks and telcos are at fair balanced value, that is balancing between book value and current assets and perceived value of likely future growth. These factors can be in the eyes of the beholder but I don't think we're there yet on most stocks. Sticking with the ones with lotsa cash/assets vs. market cap and dominance in their niches. Still a number of great possible doubles and triples around, plus some nice safe defensive gainers. Look for any techs which haven't participated much. And if shorts attack an isolated stock ike NT look to buy it at the climactic point of shorting. My belief is these stocks will snap back for the time being from profit-taking and bad news short-selling.