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Strategies & Market Trends : The Thread
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To: stan s. who wrote (750)5/30/2000 6:08:00 PM
From: If only I'd held   of 49816
 
I'm just not sure what we have to propel us beyond 3500. I realize there is much money on the sidelines, but it's mostly just overpriced junk rallying. I just figure there is a limit to what investors wil spend on these companies. CSCO for example, is still very, very expensive, INTC, MSFT, SCMR, etc... I think traders are treading real lightly, as witnessed by Ian's comments today on QCOM. Are we really ready to buy up these bloated pigs again? I sold QCOM at 72 from an entry of 63. I figured if it went beyond that, it was overvalued again. I won't buy it back for more. These bloated stocks???.....I'm just not interested. But value stocks aren't budging.
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