Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Sonny McWilliams who wrote (25872)	4/13/2000 6:59:00 AM
From: William Hunt	Read Replies (1) of 27012

Thread ---from briefing.com April 13---Much credit was given to daytraders and retail customers for propelling the Nasdaq sharply higher over the past 6-months, but as we have seen over the past couple of weeks it is the institutional investor that still rules the roost... When the big boys jumped on board the tech bandwagon late last year, the sector exploded with many new economy leaders jumping 200%-300% in a matter of months... When they began dumping stock several weeks back it signalled the end of the go-go period in techs... And when they (generally) stayed away from the sector late last week, while the retail/daytrading communities were buying, they sent a warning to anyone who was listening that the 'selling ain't over until the big boys sing.' A couple of the major investment houses have already suggested that their clients reduce exposure to tech and move into more "value" oriented stocks... Given the herd mentality of the street it won't take many more wrecks like we've experienced this week to prompt more companies to cut their exposure to techs, thereby adding to the downward pressure on the sector. We know it's not a pretty picture but that's the way it's shaping up... Until we see a string of strong days on big volume the tech sector will remain very turbulent. As for earnings, Briefing.com expected Q1 numbers to give the sector a lift... Clearly, it hasn't happened - yet... To the contrary, investors have ignored the positives and focused on the negatives... And in this kind of market a negative is loosely defined... Sequential revenue growth of 13% can be reason to sell if the reporting company did 15% in the prior period... It's early yet and future reports could give the sector a lift, but at the moment it's looking pretty grim. On the other hand, if it's darkest right before the dawn, then maybe we're in luck because right now all we see is black (or should we say red). BEST WISHES BILL

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