8 Quotes by Ned Collins

With the market's oversold condition, a small rally is expected. The extent has surprised everybody.

Maybe we were a little overbought after yesterday. That scared some people and they started taking profits ...With stocks trading at this level, people are looking for any excuse to worry.

People are concerned. You've got some unknowns out there.

People are a little bit nervous, but the market looks like it's getting ready to take off.

I think people expected Palm to carry the day. When 3Com took it on the chin a little bit, people were disappointed and started to take some profits.

Stocks have been racing forward nonstop. We've never seen anything like this before.

This is a very healthy correction. It's been a consolidation phase of about 20 days -- minus the one day where we were up 250 points I certainly don't think this is the end of a bull market.

You've got some mergers that were announced today that are very favorable to the market. People who thought the market was going lower are finally throwing in the towel and putting their cash positions to work.