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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?


To: puget206 who wrote (3885)7/5/2002 10:30:31 AM
From: Jack Hartmann  Read Replies (1) | Respond to of 6932
 
don't trade long in companies with SEC issues or off balance sheet issues or lying management

Let me ramble some too. It is tough to know managements are lying until caught. One thing I have noticed that some tech executives can't forecast there companies revenues and will not buy their stock back ever.

The trigger plays all had some insider buying. I think that was really not too common in 2000 and 2001. I believe that when it occurs that it gives some credibility for stability to the company's balance sheet and outlook.

I think that tech will come back as the economy slowly recovers. We got 5.9% unemployment so the consumer cycle may be slowing into the fall.

I notice that media, pundits, and analysts are great at telling people to sell at the bottom. Not many suggested buying Wednesday. Bryon Wein, Ken Fisher, and others called the short term bottom too early in June. But, essentially they were right. There is alot of good economic data out there. Many corporations are stripped to the bone and prices for most people have not risen. Add moderate energy prices, low inflation, historical low interest rates, and moderate unemployment we see the seeds for a recovery.

When we have risen 15% from the Tuesday's close, the media and others will tell the masses to start to nibble. Summer rally will be heard then. :)

Jack