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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Brotnov who wrote (4281)2/8/1999 4:17:00 PM
From: Carl Worth  Read Replies (1) | Respond to of 6445
 
Bruce-

I think his last name is Acompora or something like that but his predictions change like the wind and soon he will be another Garzarelli. I get a good chuckle out of these analysts, especially when they come on CNBC. Have you seen Joe Granville lately? I think he's been bearish since the Nasdaq was at 17.

I basically stayed where I was today, opened one short for a little insurance (GE) and watched otherwise. It remains to be seen if this is a small snapback in the Nasdaq or start of another up leg. I did a couple of searches for shorts last night in case the market turned real bad and noticed that the insurance sector in general is extremely weak, has had its own bear market so far this year. I would guess that we might continue to get that kind of rotation, as we did in March to July of last year, rather than a steep downturn because of all the money still coming into the market and all the money that is apparently available in money market funds yet to be deployed.

As with most days/weeks/months, a stock picker's market.

Carl