Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 159.35

+3.9%

Nov 21 9:30 AM EST

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To: Dr. Arvind who wrote (2078)	11/15/1997 11:04:00 PM
From: Bilow	Read Replies (2) of 6180

I think the problem with the price of TXN is that too many institutions have bought it. The stock has a very large institutional ownership. But since this past summer, the institutions have been dumping shares. The general public has been buying them. Since TI has a large institutional ownership, it gets hit more than average. Here is a link (I got from the Kahuna thread) that discusses these institutional moves: KAHN: Well, if they're the smart money, they're starting to pull a little bit of money out. quote.com news.bridge.com The future is hard to predict, but my humble opinion is that the rise since October 27 is a classic sucker's rally where the smart money sells its shares to the general public. TXN has the mis- fortune to be a company once favored by the smart money. -- Carl

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