SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stockman_scott who wrote (12475)4/12/2000 6:41:00 PM
From: Jenne   of 35685
 
Forget Hope -- Where's the Beef?
By James J. Cramer

4/12/00 5:55 PM ET


Some of you have to stop "hoping."

The market doesn't work like that. If we get good news from companies in tech, we could get a turn in tech, but we aren't just going to go up in a vacuum. We are in a market where the last piece of news was a potential revenue shortfall from Microsoft (MSFT:Nasdaq - news - boards). This right on top of a bad miss by Motorola (MOT:NYSE - news - boards).

That one-two combo was a knock-out for many funds trying to play in old tech. Unless they were owners of the banks and the drugs and the foods -- highly unlikely if you look at the portfolios of tech funds everyday in IBD as I do -- they will be faced with lots of uncertainty until better data points arrive.

We are listening to Altera (ALTR:Nasdaq - news - boards) and AMD (AMD:NYSE - news - boards) and both are terrific. And Altera got double indemnity -- it was added to the S&P. But I don't know if A&A can turn things around.

Believe me, though, something has to turn it around. It is a moving object and unless it bumps up against a wall of good earnings, it will keep rolling downhill.

--------------------------------------------------------------------------------
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext