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Non-Tech : The Critical Investing Workshop

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To: djia101362 who wrote (17029)4/30/2000 11:21:00 AM
From: Jim Willie CB  Read Replies (2) of 35685
 
here is my take on the retail investor and tech stocks

inexperienced retail investors are precisely the ones who purchase Cisco, Intel, SunMicro, etc... they probably couldnt tell you a single product sold by those firms, nor could delineate their specialty in the tech world... some I talk to werent aware that Cisco sells networking equipmt (thought it was internet stuff)

I still maintain that these small relief rallies will be cut off, but repeated several times, until the base support foundation has been built... eventually the institutions (mutual funds, pensions) will participate, but only when the climate is more clear, Fed hikes appear on the wane, and a bottom is more evident

the first wave in a recovery is with big "safe" names
after stability returns and takes root, second level names take over
Qualcomm is somewhere between first level and second level

institutions will step in to buy, but not at the most risky and most profitable points in time
/ Jim
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