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Technology Stocks : Data Dimensions
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To: Don Roberts who wrote (1396)5/20/1997 5:07:00 AM
From: craig crawford   of 4571
 
<< ... the Fed's decision tomorrow will affect DDIM, as well as many other stocks. >>

Wow. That's a bold statement. I could have told you that. I want you to come on this thread and tell me what the effect will be, not just say that there will be an effect. I gathered from your previous post that you think that a raise will adversely affect DDIM. How do you know? First of all you don't even know what the Fed is going to do. Let's say that you are smart enough to guess what Greenspan has in mind. Big deal. You don't have any clue as to how the market will react. Let's say that the market sells off. There's no guarantee that DDIM will drop with it. Anyway, this argument is a WASTE OF TIME because companies, govt., etc. aren't going to stop spending money to fix their Y2K problems just because Greenspan and his buddies raise rates a quarter point.
Obviously DDIM can be susceptible to market swings in the short term but will ultimately trade based on it's earnings performance. Neither Greenspan or anyone else can change that. So why waste time talking about the Fed's decision tomorrow when you have no control over it? What are we all supposed to do? Sell all of our holdings just in case the Fed tightens AND by chance the market reacts negatively? And DDIM happens to trade along with the market? I don't lose any sleep at night worrying about the Fed.
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