Cyrix 1 Where anything goes Message Board

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Technology Stocks : Cyrix 1 Where anything goes

CYRX 8.845

+3.5%

3:59 PM EST

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To: Zeev Hed who wrote (409)	5/2/1997 4:57:00 PM
From: HML04	of 640

Zeev, NASDAQ is up 34.83 points todays, its biggest gain ever. I believe you mentioned earlier that tech stocks are due for a major correction and I certainly agreed with you until now. The NASDAQ just keeps moving up without profit-taking which I expected it to occur before the weekend. I believe there is a major change in mass psychology that people now don't want to leave behind the market so they must invest in the stock market, especially in tech stocks which were beaten so badly that people feel they are "undervalued". Therefore, I don't think there is near-term correction for the tech stocks. Comments?

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