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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (11280)	5/3/2002 12:19:04 PM
From: techanalyst1	Read Replies (1) \| Respond to of 57684

Well...... everyone piled into the same "value" stocks. They could come out of them pretty quick too. That would bring down the sp. How much of this is just dumping? But........ if we don't have any one who wants to buy and hold but only short covering, what good is it? What if all that cash on the sidelines wants to stay there? Course............. those selling the value stocks might move right back into the techs without warning too. Crazy bifurcated market. If brcd does break, I think there is a decent chance it sees close to the 52 week lows, but it would be oversold near 16ish. Short position on it is something like 20% of the float I think. Put call not even rising. Everyone expecting we'll just bounce I bet. I think we're in trouble. Too many stocks are breaking support. TA