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

To: Electric who wrote (24021)	5/21/2001 4:44:31 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 37746

Electric: I'm entirely with you. This is good ol' fashioned momentum investing, as investor trip over themselves to participate in the rally before it ends. Still a ton of cash on the sidelines and shorts are still getting squeeze. I think this short, sharp NASDAQ rally can take the NASDAQ to 2800 in the next 4-6 weeks. I will not be that greedy -- I will begin selling my UOPIX shares at NAS 2600 and will be completely out of tech by the end of May or at NASDAQ 2800, whichever occurs first. I still think the miserable earnings that will be reported for Q2 may lead to an equally short, sharp selloff. Meanwhile, don't fight the tape-- enjoy the ride!!