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Post# of 704019
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Mapleton

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Mapleton

Re: jra2 post# 240917

Thursday, 05/06/2004 4:24:06 PM

Thursday, May 06, 2004 4:24:06 PM

Post# of 704019
I think no matter what kind of market we're in, there are going to be rebounds from sell offs. Even in the worse of markets, there are rebounds, it's just that the sell offs are larger than the rebounds. Buy into the rebounds and sell into the selloffs.

Look what happened to today to the Nasdaq, it was down, but there was obviously strength towards the end. Why? Because the market is oversold. The buyers are coming into the market again. I think we're preparing for a small rebound. I'm preparing to go long with either MU or ORCL if the market continues to show strength within the next few trading days which would confirm a coming rebound. All I'm looking for is 5 - 10%.
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