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Technology Stocks : Xilinx (XLNX)
XLNX 194.920.0%Feb 14 4:00 PM EST
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To: IngotWeTrust who wrote (986)3/27/1997 8:17:00 AM
From: Thomas G. Busillo   of 3291
 
Think you're right. A long-bond at 7% and rising further (perhaps), a new round Fed Watch for May, a stronger $, and earnings warnings starting (though relatively light so far) doesn't seem like the recipe for any sustained rally IMHO.

I guess the chartists are looking at XLNX see "an upside breakout from a congestion area". That's fine. But everything has to be looked at in the context of the broader markets, and obviously the tech bulls took the day.

I, myself, took the sell-side again yesterday.

Good trading,

Tom
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