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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (10809)1/21/1998 4:59:00 PM
From: Patrick Slevin  Read Replies (1) of 17305
 
As long as you are trying to turn this into a serious discussion I shall oblige.

I don't think it will go anywhere as a serious discussion but I am able to do my part if it is.

I was charmed by CNBC's Bob Pisani saying that a trader told him that in this market he would be selling tech and buying financial. Nothing could be further from the truth. The issue is, the techs led the downtrend. The financials are caught up in the Asian crisis. If anything, the wise move is to look for the techs to bottom and stay off the financials.

Not everything one sees on television is all it seems to be.
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