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Technology Stocks : Jimbo's Playhouse/CPQ
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To: Night Writer who wrote (4423)9/29/1999 3:34:00 PM
From: Night Writer  Read Replies (1) of 12662
 
U.S. TRADING SUMMARY: U.S. stocks were up ever so slightly at
midday Wednesday in volatile, leaderless trading with analysts
touting bargains to gun-shy buyers. ''I think in the very short
term, the market's very oversold,'' said Richard Cripps, the chief
market strategist at Legg Mason Wood Walker in Baltimore. He said
the plunge of the Dow by as much as 222 points Tuesday could have
set a short-term bottom level. ''This is more of a testing process
of the downside,'' Cripps said. ''You're not seeing the confidence
that would mean we hit bottom, there's no capitulation in the
technology stocks.''
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