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Are they plowing back in or just covering shorts? For the complete optimist,
could this be a break away gap? Ira.
BobsKC wrote:
> I'm a fundamentalist and what bothers me about this move up has been the
> plowing back into the same old standby large caps on the NAS like they
> think they're gong back to old highs and they're going to miss it. An
> example is AMAT up $5-6 today and strongly up the past few
> days. Fundamentals have not improved for chip makers but they're pouring
> into them anyway. These moves can not be sustained and they are setting
> things up for a large set back. Should we *ever* see money flow across the
> board into mid-caps and lower beta stocks, I'll be ready to plow in with em
> but until then, I'm more interested in shorting these "blasts" up than
> trying to participate in them. Buying lower volume stocks will be my
> indication that a move has courage and sustainable action.
>
> Bob
>
>
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