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Technology Stocks : Altera
ALTR 53.61+1.3%Jul 7 5:00 PM EST
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To: Vikas who wrote (415)10/2/1996 5:56:00 PM
From: eDollar.com   of 2389
 
Vikas. You are absolutely correct. This market has lot of momentum,
as long the fundmanagers blindly run after any stock, good or bad.
Stock like xilinx are going up 2 points after such negative results.
I think people are hesitant to short or buy puts. I wanted to
buy Xlnx puts for nov 30 @ 1 1/8. But I did not want to take the
risk when I saw the volume was 0. This indicates people are not in the same
mood as the previous quarter. I guess 1 if 1 big company should come with negative earnings and surprise the street,yhen sensibility will prevail. but as long as stocks go up, enjoy the up ride.
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