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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: DOUG H who wrote (1272)	8/30/2001 1:10:55 AM
From: Boplicity	Read Replies (1) of 8752

What I'm seeing now are the stocks that have been able to move higher while the rest of the market has sold off, such as the big cap defensive JNJ like stocks and the mid to small cap stocks which have been under valued for so long, becoming fully valued, now starting the roll over. This is new selling, added to the still weak holders that are left in the tech sector might cause the retest to happen quickly, at least I hope so. The SUNW news that is out tonight will be good indication of how much scared money is left in the tech sector and how much weight SUNW pulls. Also the following is not good news at all, <<Kyocera : Japanese newspaper Yomiuri reporting that Kyocera plans to cut 10,000 jobs; some of the cuts will come at Kyocera Wireless in San Diego, the mobile handset unit which Kyocera bought from QCOM.>> and is most damaging to a sector that was suppose to be beginning an upswing. B

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