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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (765)	6/7/2001 4:08:54 PM
From: Jenna	Respond to of 1227

Still holding small positions in tech.. and the cheaper techs. I wouldn't tie up money in those above $30 and preferrably below 25. I have no shorts but expect to find some more intraday shorts if the news on INTC is not encouraging. You can't tell how any news will influence the buyer/seller sentiment. They turn the other cheek and it seems again to be SELF-FULFILLING wish. They want the techs to do good, so they buy. JNPR, CIEN, BRCM, BRCD, SUNW etc have been doing pretty badly its still a risk to hold. What will happen when the chant changes to "sell now" or 'beware' the techs. Its almost like a HERD effect is taken over and the words "ECONOMIC RECOVERY" affect buyers according to their mood that day. What can you do? Buy some of the ones that are cheaper have more room to move up and are sector leaders with the most analysts 'cheering' for them. It happened with CMVT. This was a great short for days prior to earnings, but once that upgrade came out for CMVT, once the analysts began to 'say positive' things, CMVT was dead as a short. 3 days of analysts upgrades and it worked. But CMVT also had a pretty good report so it was based on something. Is the upside on these others based on anything other than wishful thinking? Still looking for the strong stock in strong sectors that pull back. I'm not impressed with cheap techs but rather a little more expensive stocks in sectors like pharmaceuticals, gaming, chemicals, e-commerce that are worth the money.