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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (14841)9/16/1998 11:17:00 AM
From: Prince  Read Replies (1) | Respond to of 120523
 
Thanks Jenna, I made some good money on MANU last year and it looks like it's time to get back in.

Thanks again...



To: Jenna who wrote (14841)9/16/1998 11:59:00 AM
From: Dave Gore  Read Replies (3) | Respond to of 120523
 
Jenna et all,

How worried are you about Greenspan's testimony tomorrow? It seems to me that there is much more downside risk than upside in the market tomorrow. Is this really a good day to be buying things long?

I would think the safe bet is to gauge the reaction tomorrow before jumping in long. Daytrades are fine. We go down a few hundred points over the next couple days/weeks if he even hiccups. While the Clinton thing is largely over, at least for now (i.e polls are overwhelmingly for keeping him in office), any possible signs of the Feds NOT easing on the 29th will be seen as a step back in the seriousness of the US to help fight the world economic crisis. Plus the ease on the 29th is already built into the bond and stock market.

Plus there is the Trade report is coming out too, which might very well show how ridiculous our trade imbalance is. Japan is not buying.

Be careful out there if buying intermediate or long.

Dave
PS- Update on IGHS... up from $1.40 to $2.18 since recommendation a few days ago. Actually I bought at $1.15 abot 3 weeks ago. Selective BB's aren't your cup of tea, I know, but sometimes they can be fun.