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Technology Stocks : Xilinx (XLNX)
XLNX 194.920.0%Feb 14 4:00 PM EST

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To: hpeace who wrote (1179)5/4/1997 7:45:00 PM
From: Thomas G. Busillo   of 3291
 
You can't look at any stock in a vacuum.

I'm always looking for a good sell entry on XLNX - so keep that in mind. However...

Did XLNX rebound from 46 because everyone suddenly felt very bullish about XLNX? I'd argue that XLNX, like most (but not all) large-cap tech issues benefitted more from some of the funadmentals affecting the bond market than any "news" in the tech sector. Also, the H&Q love fest out in San Fran certainly didn't hurt. Plus we have a bellwether in a formerly (?) beaten down sector reporting ATB Tuesday getting some positive talk out of Merrill.

Last week was amazing for the tech bulls. There's no doubt about it. But sometimes the best time to be selling is when buying looks like such a total no-brainer that only "fools" would be passing up such an obviously sure thing.

Good trading,

Tom
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