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Technology Stocks : Intel Corporation (INTC)
INTC 33.02-1.8%10:40 AM EST

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To: Tony Viola who wrote (87186)8/24/1999 12:48:00 PM
From: John O'Neill  Read Replies (2) of 186894
 
>>The small caps never do catch up of late, evidenced by the Russell 2K lag. <<...your right , Tony..

In every case in history is the large caps that have come down to meet the A/D line not visa versa......

it's your money and your opinion....thanks for a relevant response...

to me it's a situation of supply and demand for stock...right now the demands rules...CNBC goes on explaining why market went up or down...not they say it's because people don't expect more than 2 rate hikes...to me that's just bullshit...

when people look to sell stock and supply exceeds demand we will get a decline.....it's like a bunch of gamblers in a casino...except that there is no house to cash in the chips...everyone cashing out needs to find someone in the casino to sell to........

the greater fool theory of the internet stock.....

with the demand having been driven so high by people that know so little about fundamentals, i just don't like the casino action now...i wouldn't seriously short now...just hedge with some puts.....
cash is the best option now, IMHO...5%+ in bank plus real property exceeds rate of inflation nicely...for now.

real buying opportunity should come later
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