Monthly Archive: November 2000

Daily Update Thursday, November 30, 2000

The market rallied from its intraday lows today and trading was very positive at the end of the day. Hopefully, the bloodbath is coming to an end. Until then, Prudent Investors should not buy any stocks. Aggressive Investors and Traders should be looking for a rebound. If you are…

Daily Update Wednesday, November 29, 2000

The market rallied from its lows today, but bad news from Gateway andAltera hit tech stocks in aftermarket trading. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders may play the market on a day-to-day basis with a bias to the downside. Those of…

Daily Update Tuesday, November 28, 2000

The market got “Gored” again today. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis as it develops. Those of you who are “Riding the Wave,” should sell any stocks that have “S” recommendations or close…

Daily Update Monday, November 27, 2000

A blossoming tech rally was nipped in the bud today by additional broker downgrades. The same analysts who pushed stocks too high last Spring are now beating them down too low. Until better evidence of a sustainable upmove appears, Prudent Investors should not buy any stocks. Aggressive Investors and…

Time Is Money.

Was today’s comeback a dead-cat bounce or was it the start of the rally we have been looking for? I’m betting it’s the start of a year-end rally. We will need to see some follow through before we get too excited, however. Until then,…

Daily Update Wednesday, November 22, 2000

The fiasco in Florida continues to rattle the market. Under these conditions, Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders may play the market on a day-to-day basis with a bias to the downside. Those of you who are “Riding the Wave,” should…

Daily Update Tuesday, November 21, 2000

The market tried to rally today but failed to do so. Prudent Investors should not buy any stocks at this time. Aggressive Investors and Traders should play the market on a day-to-day basis with a bias to the downside. Those of you who are “Riding the Wave,” should sell…

Daily Update Monday, November 20, 2000

A barrage of broker downgrades hit the market today sending prices much lower. Prudent Investors should not buy any stocks at this time, but it is not a time to do panic selling. Aggressive Investors and Traders should play the market on a day-to-day basis with a bias to…