To: Return to Sender who wrote (11575 ) 9/11/2003 6:53:52 PM From: Donald Wennerstrom Read Replies (3) | Respond to RtS,<<Lets get back on topic!>> Message 18094901 <Finally, Briefing.com contends that the Nasdaq is very near a long-term bottom. There's been no reason to move aggressively on the takeover front as long as prices were coming down hard. Let's face it, who wants to pay $100 bucks today what they can buy for $50, $40 or even $20 tomorrow? But once prices stabilize, or begin to go up (yes it is possible), look for the CEOs to start doing some bargain hunting of their own. Given that the Nasdaq has lost nearly 80% of its value in just the last three years, Briefing.com not climbing out on a limb when it suggests that the worst is already over and that a meaningful rebound is probably closer than most investors think. <Outside of the strict technical levels, we've been harping on the notion that many traders are waiting to initiate positions in the general area of early November. This is seasonally a standard entry point for stocks, and with the markets hovering near five-year lows, many would contend the indices have room for a sizeable move. The point of all this being that the 'early November' entry point is only about three weeks off. So the intermediate-term competing interests will be: a) the current/near-term political uncertainty and earnings concerns on the one hand versus b) the upcoming prospects for a significant seasonal run on the other.
