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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (51326)	4/15/2002 2:07:47 PM
From: Softechie	Respond to of 99280

Buzz and Batch Live! By James J. Cramer 04/15/2002 07:48 -------------------------------------------------------------------------------- Looks like some of the more stupid momentum funds have either gotten a lot of cash in -- doubtful -- or have finished selling their telecom/tech losers. I say that because of moves like Mercury Interactive MERQ , which, of course, has been "miraculously" overcovered by those in the television media searching for anything to cheerlead about. (As if you aren't sick of that.) When I see a stock like Mercury Interactive up $7, or some ridiculous amount, I know that the jokers whom I used to call Buzz and Batch are still alive. Those are the guys who take stocks to wherever they think they can be manipulated in order to generate some short-term performance. Why else pay up $7. Why not wait? Why not wait until it comes back in? (And you thought they were all out there buying PowerBall tickets.) Nah, patience? That's not the style of these folks. Not the style at all. Intelligent buying? Nope, not these guys. They like to put it all to work on the way up, paying ever-higher prices. And then when it doesn't work out, they sell it hard all the way down, witness AOL Time Warner AOL , Nokia NOK and Comcast CMCSK . The fact that there can still be moves like this and like the one I saw earlier this week in Panera PNRA tells me that stupid money never seems to run out of ammo. (Remember, I said that the restaurant group would keep going up, not that you had to be there.) It also tells me we are not done yet in the Nazz selloff. But in the New York Stock Exchange ? We may be through for now. These jokers just don't traffic in anything less than four letters. Which is why the four-letter markets are terrible and the New York Stock Exchange is aces.