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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 39.99-0.4%Oct 31 9:30 AM EDT
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To: Sonki who wrote (26862)4/2/2001 12:53:15 AM
From: Sonny McWilliams   of 27012
 
Sonki. If you and I are scared of buying some techs, maybe that IS capitulation.

Thanks for the links in your 2 messages.

I don't think anybody knows for sure, at this moment, where the market is going from day to day. Some say it's going down, some say it's going up. Today, on Fox News, Brenda Buttner? had 5 guests on and I believe only Scott Blinder? was real bullish. I believe it was him who sees the markets go up from here, starting this coming week.
One of the others sees more tax selling, meaning that a lot of investors took big cap gains last year and now have to pay the tax man. All in all, none of them knows for sure what will happen near term. I will see how the markets act this week and look for signs that the FED may cut rates this month.

So far I have not that much confidence in the economy. I would like to see the CEO's a bit more bullish.

I listened to an interesting comment on that above show. One of the guests thought that Cisco's Chambers is talking down his stock so he can buy cheap options for his employees. Maybe he is right and maybe it's time to buy some Csco soon.

Let's see what gives next week and let's talk about some buying ideas.

BTW, maybe this Scott B. is right about this week. The futures look pretty good at this time.

Sonny
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