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Technology Stocks : Dell Technologies Inc.
DELL 115.43-1.5%Jan 23 9:30 AM EST
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To: jim kelley who wrote (23408)11/27/1997 12:51:00 AM
From: Xplorer  Read Replies (1) of 176388
 
Jim,

One line I have not seen explored is that some of this downward trend in the high tech stocks is do to the managers of mutual funds. These guys for the most part have had a great year & are probably doing alot of end of year selling and manipulations to maintain their gains. With the 10 year performances getting a boost from the "87" correction dropping out, percentages of all the funds are changing and none of them want to make a mistake now. High performance sells funds.
Keep in mind what any of us could do given enough shares of any one stock not to mention what a group of us could do with the same goal. I'm not paranoid enough to believe it's a conspiracy, but rather a response to certain given conditions. High PE's, baby boomer investing, real time information access, e-trading,unrealistic expectations such as DJIA of 10000 within a year and self management investing to name a few. These things and others cause a flow events to occur and I think that is what we might be seeing. I personally think we will see alot of volatility for the rest of the year but weeks like last week of overall little change in the averages. I could be wrong.
In any case if I'm at all close, things could start getting interesting after Jan 1st.
Steve.
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