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Strategies & Market Trends : Galapagos Islands

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To: Techplayer who wrote (41479)6/4/2003 7:12:26 PM
From: paulj  Read Replies (1) of 57110
 
People are just dumping money in the same stocks they bought in the 90s. Chase price action. Ignore fundamentals. After all, everything will be great in the second half - haven't you heard? LOL

The reaction to INTC will be telling. ALTR didn't fly off the chart today and XLNX is looking weak after reaffirming. After these big moves, maybe, just maybe, people will be a little uncomfortable paying this much for meager, if any growth. On the other hand, if they are successful enticing more of that cash in from the sidelines, the supply and demand for stock will rocket everything higher for the summer. I'll be hiding under the bed in the Fall if that happens.
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