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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (33594)	4/2/2002 1:10:37 PM
From: bruceleroy1_-	Read Replies (1) \| Respond to of 52237

does anyone know if Don is close to class buy territory tia

To: dennis michael patterson who wrote (33594)	4/2/2002 1:19:38 PM
From: TechTrader42	Read Replies (4) \| Respond to of 52237

Once the Naz drifted down into the shadow of yesterday's hammer, people should've scrambled for the exits. That's my stupid opinion. Why's it stupid (to anticipate informed bulls' best objections)? Well, for one reason, it wasn't the greatest hammer. Now the price is below yesterday's low. That's not as easily ignored. How oppressively sad. You know, just between you and me, I think the pullback was caused by unsubstantiated rumors spread by evil shorters. If it weren't for those, the fundamentals are so extraordinarily good (what with reduced estimates, multi-billion-dollar quarterly charges, options-related dilution, SEC inquiries into companies' accounting, etc.) and the valuations so historically low (QLGC's P/E is only 60, for example) that I think the resilient Nasdaq could have soared back to 5000. Easily. Without a doubt. But there's this problem with shorters. The SEC needs to take notice. One persistent nasty rumor that needs to be dealt with as soon as possible is that the market can go down as well as up. This one really irks me. I don't know why people continue to give it any credence at all. But they do, and it affects the market, and it's a darn shame. The government needs to sit up and take notice.