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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (44443)	6/23/2001 10:20:47 PM
From: t2	Read Replies (1) \| Respond to of 56535

TJ, I am not convinced about the long term prospects of the NT, GLW, JDSU types unless there is serious consolodation...not doubting the recovery in the economy. However, these are due for a significant bounce and that is what I am looking. Will make the long term decisions on such names at a later date. These types of stocks remind of what was happening at end March..there was relentless selling in technology. The NT, GLW, JDSU types went through the same thing that the broad tech sector went through in late March. I don't like NT as much since it is too big in revenues and too concentrated in one sector. Prefer GLW, GX. Basically, I am willing to buy anything that got beaten up. EMC was sold off aggressively by Janus (as it appears to me--see my last post on this thread), probably dumped it all and that would explain the selling pressure. Due for a big bounce, imho. Same for NTAP. Have to look into MCDT. Also agree with the other names you listed. I prefer the tech names, the more they got beat up in the April to end of June, the more appealing they are too me..especially the ones that had a continuous decline all quarter (except a few days in early April). I believe capitulation has happened and there are a lot of shorts that are trapped in these names now...greed catches up with longs and shorts! Going to scan the Nasdaq100 names and see what got hit bad as long as these companies are likely to recover..do they have cash is one factor along with a few others. Nasdaq short interest for June due on Wednesday. I disagree (a bit) with the drug stocks or even retailers like HD or WMT. Waiting for the big bounce in the beaten up tech names before moving into drugs/retailers. After a run up into mid July is when I plan to add other sectors..although I will consider some drug names if they get beaten up a bit more. These are the types of names (drug and retailers) that big funds (and individuals) ran to in order to avoid the train wreck called technology and that is why I not in a rush to buy them yet...a big Naz bounce would get me more interested in drugs/retailers. Depends upon how things unfold in the coming weeks and my patience level for tech...since I am betting on a big bounce right into mid July. To me the best possibilities for big gains lies in the tech sector...in the very near term. What about longer term...well I am not thinking about it yet.<g> JMHO. Good Luck with your trading.

To: Trader J who wrote (44443)	6/24/2001 6:01:09 AM
From: Dale Baker	Respond to of 56535

Why are you focusing your non-tech holdings on the big caps, when small caps and mid caps have outperformed this year? I have some GE and C LEAPS but otherwise I have found much better % gains in small homebuilders, healthcare, finance, energy, retail, etc. Just a thought.