Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: If only I'd held who wrote (94758)	4/10/2000 8:10:00 PM
From: Probart	Read Replies (1) of 108040

Got this from from the following site under"latest report" . smallcapcenter.com <<Negative comments from Richard McCabe, the chief market strategist for Merrill Lynch, contributed to the high tech sell-off. McCabe advised clients to lighten up on technology. He said in a report today that the high techs may have further to fall and that there are better buys in value stocks. "This is an old theme of his," said Donald Selkin, chief market strategist for Joseph Gunnar and Co. "He has been bearish a long time on technology. But remember, he missed the strong upward move in these stocks as well." Nevertheless, the comments may have scared away some of the smaller investors today. "What we saw today was retail investors doing the selling. There was some institutional buying, but it was tepid," said AFA's Landesman. "The institutional investors have not stepped up in a big way, and when that happens, it could turn things around.">>

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