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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (94073)8/30/2001 5:31:53 PM
From: energyplay  Read Replies (2) of 95453
 
>>>>JQP wrote "Could someone please enlighten me as to why the tech funds will sell the likes of Intel, Sun,
and Oracle just as a recovery is starting? " <<<<

Redemptions.

Redemptions from the recently laid off, redemptions to pay quarterly tax bills, to pay down credit card debt.

And especially redemptions cause by a MEDIA LED FEAR FESTIVAL.. Brought to you by the same folks who where cheerleaders during the manic parts of the boom Fear sell newspapers, air time, etc. These media folks got part of America to buy near the highs. Now they will get their readers and viewers to sell near the lows. Just doing their job.
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