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

To: besttrader who wrote (33981)	9/1/2001 7:07:53 PM
From: 2MAR$	Read Replies (2) \| Respond to of 37746

Yes , there was a time earlier in the summer in June, when you could "buy the dips" after earnings on many of the favorite momo's like VRSN SEBL BRCM QLGC BRCD BEAS .... ...even JDSU ran up into the high 20's in May , and mid 20's in June. It became a game with traders to buy almost every sell-off after earnings, thinking the bottom was in . I took note of the strength in BRCM which was a "dip-buy" for over two weeks . (Even PMCS, SANM , VTSS were trading longs before after hours on earnings warnings...and sure enough they bounced big, but every thing in me cried : "this is nuts" ) The psychology of the market is what everyone has to tune into at any given time , but this summer was frought with almost the most shameless calls and P&D's by some analysts and ---->dear Abbey , saying things had bottomed. For a while there it worked to buy every sell-off after earnings, it just became a game everyone played until they saw companies like VTSS warned again & again & again. And the big Semi's still refusing to issue any guidance of bottoming whatsoever on further updates . Then it was time to sell , especially in August when even the usual "back to school" pump failed and the retail sector reporting nothing but woe. And what ever happened to the huge --->Tax Rebate spending, LOL! ;-) marsh PS: They were taking profits in the Bios friday...