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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%3:59 PM EST

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To: waverider who wrote (70552)4/14/2000 1:09:00 PM
From: jmanvegas  Read Replies (2) of 152472
 
Diamond H: The Houses? - AJC from Goldman when she took 5% off the table on tech and told everyone about it. I refer to her as the spokesperson for the Houses. She'll be on CNBC later today maybe "to rescue the market." The other ANALyst from Goldman who cautioned about MSFT yesterday. There are numerous others. Sure - was the tech market overbought - you bet it was. Is it now oversold - you bet it is. Can it go lower - sure.

Unfortunately, the wealthy won't feel a thing. I feel for the little guy with his pension or 401K or a few hundred shares here and there getting slammed. What wealth effect was AG referring to when talking about these folks? Everyday I see AG on the TV with his wry smile trying to cover his lies about not targeting the stock market. What bullsh*t. Senator Bunning nailed him on this yesterday at the Senate hearings. AG squirmed because he was caught. But such is life and all is now water under the bridge.

BTW, QCOM is still in "dead money" territory. Have I sold a single share - NOPE. The fundamentals of this company have not changed. The market psychology has. Fundamentals will rule long-term. Psychology will rule short-term.

jmanvegas
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