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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (3392)6/16/2002 11:21:57 AM
From: SusieQ1065  Read Replies (1) | Respond to of 17639
 
you are thinking along the lines of "separated at birth" even more now?

In the Big, Big Picture, i truly believe that much of Tech(especially the PC Sector) is undergoing
a painful(for investors) multi~year transition from Growth to Cyclical...

as their products become commoditized, and fierce price competition becomes
the norm, the stock prices of these companies will no longer deserve such
high valutions....

so i just think we are in a long and painful unwinding of these Bubble stock prices...and until it stops working i will continue shorting all rallies...

in the very short term(ie: next week) this concerns me, from Perry's post on Put/Call Ratio..(we were at 1.2 on Friday?..eek)...really would prefer to not be on the
wrong side of a ripping short~covering rally..(and do
believe that at this very moment, we shorts have more to
fear from other shorts covering rather than a ton of bargain
shoppers stepping in)

IBD lists this data and they have the 5 year high at 1.21 on 9/21/01