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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (50930)5/3/2002 4:31:45 PM
From: stockman_scott  Respond to of 65232
 
Nice move for PAAS -- Pan American Silver just hit a 52-week high...

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To: Jim Willie CB who wrote (50930)5/3/2002 5:03:01 PM
From: t2  Read Replies (2) | Respond to of 65232
 
Expecting some sort of bounce around Cisco's earnings. No real trend just a bounce. Lots of bad news is factored into expectations even if not into valuatons.

Cannot believe we did not even get a short covering rally on the Nasdaq; that just shows how bad things are. MSFT below 50 should be a turning point for the Naz...I guess not. I had bought tech in at lows earlier and did not get much of a chance to bail out; hopefully I can get out by Monday morning.
Gold seems to be the best investment and is my largest holdings in those stocks....the techs have no lift whatsoever.

Also think once the bonds start selling off on currency concerns, multinational DOW stocks can benefit...only those that are known to buy back shares...not the PE 50+ types.