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Technology Stocks : Dell Technologies Inc.

DELL 119.41

-2.7%

3:59 PM EST

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To: Boplicity who wrote (26575)	12/31/1997 4:41:00 AM
From: Sig	Read Replies (2) of 176387

Greg: I have been wondering where traders put their money for safekeeping when the Asian flu hits.Perhaps bonds or bank deposits, etc. Looks like they put some of it into bank stocks and have now got enough courage to put some back into the tech stocks for growth. A very good sign.... (The Item, Dec 30) <<<<<More than a few thinly traded banks are getting killed today. Although there is no specific news on these savings institutions, it is well known that some short-term-oriented money managers plunged into these relatively stable companies during the market turmoil of the last few weeks. As a result, when those managers liquidate the positions to buy other stocks, these companies are suddenly hit with a bunch of down volume that they are not able to take. Washington Trust (Nasdaq: WASH) tumbled $1 3/4 to $34, Fidelity Bankshares (Nasdaq: FFFL) slumped $1 1/4 to $30 3/4, and American Bancorp Ohio (Nasdaq: AMBC) was off $2 1/2>>>>>>> . Am hoping they are right about now moving this money back , and have considered that a few more small foreign market scares may occur. No bad US news appear in store now, but another big foreign market scare might change things. Ten weeks of the tech turmoil was about all I could handle, so I had moved money (other than Dell) into a small bank and insurance company which has worked out very well and is much less tense than having all tech stocks. The grass always looks greener on the other side of the fence, but be careful jumping over those high ones with the barbed wire on top. SES

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