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Technology Stocks : Gemstar Intl (GMST)

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To: DownSouth who wrote (1822)2/8/2000 1:43:00 PM
From: BirdDog  Read Replies (1) of 6516
 
<<RE... Why are you giving up your advantage?>>

If we look at the short term of what has/is happening on the market right now. I watch company after company beat earnings estimates and the stock goes down. It simply appears to me that there are allot of institutional investors who have too much of the great stocks...As a result...Anything that attracts their attention is causing them to sell...Because they need to sell and balance their portfolios.
Do I badly err in this judgment? Please tell me if I'm way out in right field on this? I'm not the slightest bit worried about short term right now...The market is just plain squirrely right now....Heck...Yesterday we ended up 72? and I lost money on qcom, jdsu, and ntap? I'm not worried...
And I do definitely agree that anyone selling right now is loosing their advantage...
RaPle
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