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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%3:59 PM EST

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To: lurqer who wrote (65848)2/3/2000 6:59:00 AM
From: lurqer  Read Replies (1) of 152472
 
re. Market Risk

On Monday, I purchased three stocks: SEBL, NTAP and CREE.
Using purchase price and Wed. market close:

Stock Change % Change
SEBL +11 +13
NTAP +22 +24
CREE +27 +29

Since this is less than three business days, I can only
conclude market froth.

Yesterday, the Fed raised both the funds and the discount
rate. Moreover, I interpret their bias (without using the
word bias) statement as trying to send the message
of "we'll do whatever it takes to get rid of the
froth".

Given the above, I'm very cautious here.

That said, I consider Q to be a maverick. Although
influenced by the market, it has its own dynamic.

lurking...

lurqer
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