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Technology Stocks : INTEL TRADER
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To: John Harton who wrote (6421)7/30/1999 1:31:00 AM
From: Berney  Read Replies (1) of 11051
 
JH, Beware of arguments that sound good, and

Good, sound arguments. The industrial cyclicals are the second best performing sector in the Big Boyz this year. It is my experience that it represents a sell signal, not a buy signal on the sector. I do not believe the current vs. forward earnings justify the enthusiasm, but I'll try to post some numbers this weekend.

It did feel funny to go long today. I had a difficult time deciding between F and GT. I was tempted to split the Phleet, but it makes unwinding the position just that much more difficult.

TB
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