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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.11+0.1%9:30 AM EST

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To: Mani1 who wrote (85837)7/26/2002 2:24:58 AM
From: tejek of 275872
 
I guess I now have to decide if I want to buy again tomorrow. I am worried about all the 401K and IRA redemptions.

Mani, those are not the redemptions that are the problem. Its the mutual funds and their redemptions. Typically, they sell their stock around 2 PM ET......that's why with the exception of yesterday and today, most days we have had a rally in the morning and then by 2PM, the rally fades and the markets start to drop.

Fund redemptions have been very high this past month.....it sucks. But this too shall pass. If you go back in, I would split your dough between Naz, and DOW or DOW-like stocks. Some of these DOW-like stocks like TENT or RINO can make nice moves in a few days.

ted
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