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

To: eichler who wrote (78602)	6/13/2001 4:34:07 PM
From: American Spirit	Read Replies (2) \| Respond to of 99985

Oversold market again looks like to me. I'd certainly buy on any further dip. But I was buying like crazy the last few hours today. Bargains in many sectors. Bought EMC, NOK, ERICY, LU, PALM, UCL, APA and KMAG. Whew. A little buying power left if goes down any further. Just doing the opposite of what the market's doing. Like these prices as the worst is being priced in again. And why are oil stocks down? Still paying well over $2 here in California and the storm in Houston should slow down supplies again. NOK I bought because typically the market over-reacts on these warnings. Like when EMC warned and went down to 25. Recovered back to 45 not too long afterward. LU the same. They have several ways of bailing themselves out without issuing bonds. Really no news and then underlying value is still well in excess of this price. Good news with IBM the other day was ignored. KMAG will ge a huge gainer once they announce their refi plans. Basically just looking for those cheap entry points. Don't see much downside.