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Technology Stocks : Stock Swap

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To: Trader X who wrote (12219)2/19/1998 5:03:00 PM
From: Judy  Read Replies (1) of 17305
 
Kevin, I hear you and agree technically. BUT market sentiment and liquidity can turn the trend on a dime. Recall a month ago that INTC and TXN looked like they would fall off a cliff, and then whoosh the funds came rushing back in. Did the fundamentals change for INTC or TXN in a months time? Heck no, just the market's risk tolerance.

Bottom line is that I'd like to be on board for the rush, and my sense is that the retrace down will be slight. Have to mull over the likelihood of missing the rush for a better entry point.
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