May 30, 2001
Start Selling Now!
We've warned anyone who will listen that the recent rally is just a temporary blip in a confirmed, long-term bear market.
Capital expenditures are declining, and second quarter earnings are expected to be even worse than the previous two quarters. Earnings for tech stocks are expected to be down 51% compared to last year's second quarter.
Now, investors are getting anxious and are bailing out. They're not the only ones! Corporate insiders are also dumping stocks, using the temporary rally to get rid of shares in their own companies before stock prices plummet.
For example, the CEO of one software company recently sold all of his 200,000 shares, and a vice president sold all of his 15,000 shares.
Our advice: Follow their lead, and use any continuation of the rally to sell.
® 2001 Weiss Incorporated
4176 Burns Road, Palm Beach, FL 20005
tel: (561) 627-3300 - fax: (561) 625-6685