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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: pvz who wrote (13726)5/8/2002 3:34:15 PM
From: chowder  Respond to of 23153
 
Could be that money rotated out of the sector. Lock in profits and ride the rally by investing in tech and other beaten down sectors.

The next day or two will determine where they go, imo.

dabum



To: pvz who wrote (13726)5/8/2002 4:07:42 PM
From: kodiak_bull  Read Replies (1) | Respond to of 23153
 
PVS:

I wouldn't count the Homeboys out just yet. Too many times we've seen a short term rotation of excess cash into tech and had the Homeboys fall a bit, only to see the tech rally sputter and the builders power up to new highs.

I'd have to see some serious compression in the moving averages and some serious testing and breaking through support before it's worth risking my positions. Take RYL for example. In today's hiccup, all it did was bounce off the 10 DMA. Same thing with TOL. I can wait, I can be patient, I can go for the easy dollars and let the exciting dollars pass me by.

Kb