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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: Chip Roos who wrote (1806)12/8/2000 1:07:25 PM
From: David W. Taylor  Read Replies (1) of 2013
 
Repeat: this is a Bear Market rally. Trade these prices REALLY short term. There is no doubt of the trend over the next months: down.

This rally today is what the US Brokers working in Tokyo in 1989 used to call a "F#$k it rally." The fundamentals suck, Intel just preannounced, there is no doubt that sales of chips are slower and inventories rising. Logic says sell, so what does the market do? "F#$k it. It time to party."

Remember days like this. You will be able to tell your grandkids the story.
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