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

To: velociraptor_ who wrote (19661)	5/2/2001 7:02:18 AM
From: GREENLAW4-7	Respond to of 37746

V-man, could it be we are riding a RELIEF Counter trend rally in a SECULAR BEAR? I can give you one great example of a similar time in the market.......last SUMMER! We tanked from April-June them we trended higher slowly from June-beginning of Sept. I started long but went short at 4200 on the NASD, I look at what was going on then with the fed raising rates, and we should have flat lined or went south for that period, but because of the SUMMER BREAK on ws we had a pretty powerful rally. Back then as today the STORAGE/FIBER CHANNEL sector lead the way. This rally we have going, if you want to call it that will take us to 2600-2800 based solely on sentiment and nervous money on the sidelines believeing the train is leaving the station. I have been doing some shorting as a hedge, like 4K EMKR at 42.5 covered at 37 yesterday amd some other chip stocks, but I think after the next pit stop which may come today and tomorrow I plan on concentrating on MOMO stock that have not tripled or doubled in the last 2 weeks. Examples AETH, MCDT, SEPR, MDCC, AVCI. I am afraid to buy the Fibre channel stocks until I see some profit taking. EMLX 12-38 in 3 weeks, BRCD 17-40 in 3 weeks, QLGC 17-44 in 3 weeks TOO MUCH TOO SOON! I do think we will continue to rally into warning season, and if the warnings are LIGHT, and we get UPSIDE WARNINGS we may break into 3000 sometime in late June early July!! The rational for the P/E according to a great friend that works on the street and has been there for 35 years explains that we are in the sweet spot where the public is of the belief FUNDAMENTALS CANNOT GET WORSE!! So the street starts to look forward not 6 months like most think but 9-12 months for signs that, yes back then in 5/01 when we were at 2100 on the NASD, we were at the bottom since now 8/01 we are at 3300 on the nASD. Look for POWERFUL Sell-off, but not until FALL! I am a bigger BEAR then you, but in this enviroment FUNDS are buying the dips!

To: velociraptor_ who wrote (19661)	5/2/2001 9:12:25 AM
From: besttrader	Respond to of 37746

Thanks Velo! That was a great answer, and very helpful for me. :)

To: velociraptor_ who wrote (19661)	5/4/2001 11:56:16 AM
From: wallstreeter	Read Replies (1) \| Respond to of 37746

The world is changing and technology is bringing about the biggest changes not only in efficiency but in speed. P.E. are nothing but a perception . What was a high P.E. in the old economy might not be so in the new economy. For any society or country to move forward change must be at the forefront of this movement. In the past we have never seen companies grow like cisco had grown quarter after quarter , that is until the fed changed its monetary bias towards interest rates. Technology isnt dead but just taking a breather. wall