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To: MythMan who wrote (280115)	3/15/2004 10:42:26 AM
From: Lucretius	Respond to of 436258

Message 19910884

To: MythMan who wrote (280115)	3/15/2004 10:42:50 AM
From: Lucretius	Respond to of 436258

forget the noise. lol

To: MythMan who wrote (280115)	3/15/2004 2:20:06 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

after telling everybody to buy the dip on friday, this clown now says its the bottom again. hmmmmmm Panoply of Pinned Stocks Will Hold Us By James J. Cramer RealMoney Columnist 3/15/2004 11:52 AM EST Click here for more stories by James J. Cramer Market Analysis Expiration makes me think we'll hold here. Many large stocks will hang at or near their strikes. There's just not that much room for the downside. What makes me think that we'll hold here? Expiration. Many of the large expiration stocks that I monitor are hanging at their strikes right now and will be buoyed by those, or at least have a floor under them right here. Here's what I'm seeing: General Electric (GE:NYSE - commentary - research) should hold $30. Microsoft (MSFT:Nasdaq - commentary - research) should hold $25. General Motors (GM:NYSE - commentary - research) sits strongly at $45. Pfizer's (PFE:NYSE - commentary - research) not going much below $35. Altria (MO:NYSE - commentary - research) will bounce back to $55. AIG's (AIG:NYSE - commentary - research) hung at $70. IBM (IBM:NYSE - commentary - research) will stall out at $90 on the downside. Disney's (DIS:NYSE - commentary - research) staying at $25. Citigroup (C:NYSE - commentary - research) will hug $50. 3M's (MMM:NYSE - commentary - research) caught at $75. I doubt Procter & Gamble (PG:NYSE - commentary - research) can head back to $100 after that great quarter; $105 seems more likely. Intel's (INTC:Nasdaq - commentary - research) bound by the $27.50s. Cisco's (CSCO:Nasdaq - commentary - research) trapped by the 22.5s. I doubt Wal-Mart (WMT:NYSE - commentary - research) could go all the way back to $55 given its strength; the $60s are more likely. Johnson & Johnson (JNJ:NYSE - commentary - research) seems hung at $50. Coke's (KO:NYSE - commentary - research) not going lower now that Bernstein upgraded it -- I like $50 for that one. Bank of America's (BAC:NYSE - commentary - research) going to hug $80. Merck (MRK:NYSE - commentary - research) will pin $45. And I like Dell (DELL:Nasdaq - commentary - research) settling at $32.50 or higher, given the upgrades. The question marks are: Verizon (VZ:NYSE - commentary - research) Wells Fargo (WFC:NYSE - commentary - research) ChevronTexaco (CVX:NYSE - commentary - research) Pepsi (PEP:NYSE - commentary - research) And they can't make that much of a difference. There's just not that much room for the downside when you consider that panoply of pinned stocks. See why I think it stops right around here, give or take a half-percent?