Send PM
Followers 1
Posts 20
Boards Moderated 1
Alias Born 03/20/2001

Re: Bernard Ng post# 3

Wednesday, 12/05/2001 4:53:27 PM

Wednesday, December 05, 2001 4:53:27 PM

Post# of 104
Hi Bernard,
Generally, I try to stay away from large stocks. Valuations are sometimes irrational but they continue upwards on the value of their name. Be very careful in this market environment also. Although overbought, the market broke through a key resistance today on strong volume. The strong volume is key because it shows conviction on the part of the bulls. Momentum is still on their side and one must wait for it to subside before attempting to short large-cap players such as EBAY. Good luck with your position.