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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: jim_p who wrote (8279)9/20/2001 1:05:55 PM
From: stockman_scott  Respond to of 23153
 
Barton Biggs claims we may be near the bottom and close to 'a strong rally'...

biz.yahoo.com

<<...``Stock markets are very close to a one day big sell-off followed by a strong rally that may last weeks or months,'' said Barton Biggs, chief market strategist at top Wall Street firm Morgan Stanley, speaking to the Foreign Policy Association in New York. ``We're going to have a powerful rally.''

Biggs said telecommunications and technology stocks, including Web gear giant Cisco Systems Inc. (NasdaqNM:CSCO - news), telecom gear maker Nortel Networks Corp. (NYSE:NT - news; Toronto:NT.TO - news), and data storage firm EMC Corp. (NYSE:EMC - news) are sitting at attractive prices and ``could easily rally 50 or 70 percent or double.''...>>



To: jim_p who wrote (8279)9/20/2001 1:10:59 PM
From: kodiak_bull  Read Replies (1) | Respond to of 23153
 
Jim Bob:

Funny you should mention NANO, as it is one of my pals. Unfortunately for a long position when I look at the chart (and I get more and more confidence in the charts as we pull away from the early part of this week) I don't see any reversal forming:

stockcharts.com[h,a]dhclyymy[pb50!b200!d20,2!f][vc60][iut!Ub14!Ua12,26,9!Lc20!Lk14!Lh14,3!Ll14]

Cash is flowing out of this stock for now, maybe it will be a buy in the low teens? What is your view?

Sid Bass hit with a margin call, sold off a ton of DIS at $15/share--some of the buyers sold in the market at $16++. Not bad work if you can get it.

Watching the Dow from time to time with those red curb signs flashing on and off--this motion isn't so much a ratchet down of the Dow as a ratchet/curb down of the index.

Kb