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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: - with a K who wrote (18868)3/13/2004 8:17:54 PM
From: Steve168  Respond to of 78525
 
Up 16% YTD 2004, mostly due to big position in ALVR. Took a beating on EONC and small loss on UTSI.

Technically the market is poised to a bounce early next week unless some big bad news occur. The market already absorbed the Spain bombing news and the possibility of an Al Queda link.

Friday trading was all positive except a rather light volume, I think a lot of people were shocked by the big drop in the first 4 days. The improving trading pattern should encourage buyers to step in. I bought AMAT at 21.20 using all my cash, fully loaded now and may exit when NASDAQ recover the big drop this week and up to the down trendline. I could be wrong and I have been wrong many times in the past.