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Technology Stocks : Intel Corporation (INTC)

INTC 37.91

-1.4%

3:59 PM EST

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To: John Hull who wrote (91694)	11/4/1999 12:11:00 PM
From: Gerald Walls	Read Replies (3) of 186894

At TheStreet.com, Cramer sez: thestreet.com Bringing Down the Market By James J. Cramer 11/4/99 10:37 AM ET Beware of how easy it is. It may be too easy. There are people today who want this market down. Badly. There is massive put-buying in EMC Corp. (EMC:NYSE), IBM (IBM:NYSE), Intel (INTC:Nasdaq) and Cisco (CSCO:Nasdaq) again. (I am long the last two -- bummer -- but I call them as I see them.) When I see this kind of tenacious put-buying (How do I see it? As a professional, I monitor this stuff), I get a little nervous given how far we have come. I think that at some point today, people will try to trash the market, coupling some negative tech stories -- hence the put-buying -- with the rumor of a major upside in the employment report. As the latter has been around for a while, it is probably getting a bit discounted in the bonds. The tech raid, well, let's just stay tuned.

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