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


To: isopatch who wrote (34490)4/19/2002 11:27:11 AM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Sounds like a good call to me, Iso. I read a while back that inflows in the first quarter were $50 billion - and that new corporate issuances also totaled $50 billion. J6P is sopping up everything corporate America doesn't want. Once the inflows ebb, down is probably a very good bet.

Noticing a positive divergence in gold today - the stocks I own are up while gold is down pretty big. The stocks almost always seem to lead the metal (they were down yesterday while the metal was up). Hope it's good for more than a one-day pop if the pattern holds. Earnings for the miners should be pretty good this quarter, and the market won't need Joe Kernan to figure them out. -g-

Bailed on ILA even though it's coming back nicely. Selling stocks that gap down on earnings has saved me a lot of money over the last couple of years, thinking of EK and LU in particular. Also on ILA, I didn't pay enough attention to the April 5 Value Line numbers, which made it a sell. Not paying enough attention, which is one reason I'm mostly back to core holdings (the other reason being your read on the market -g-).

Hope all is well with the Patches. -g-

Best,

Paul