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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (8773)5/21/1998 3:59:00 PM
From: Judy  Read Replies (1) of 42787
 
Yesterday was not the first evidence of this rotation ... yesterday was BLATANT which sectors the funds were fleeing out of and which sectors they were falling all over themselves to buy. Semis and oil drillers were slammed ... defensives, they couldn't get enough off. I posted to Andrew yesterday, the big boys were loading up on DIS and MCD ... for summer is around the corner, the fundies don't want to wait two quarters for their portfolios to look good by buying into techs.

I'm a perma-bull on the semi equip sector, waiting for the sector rebound. But even I dumped my AMAT shares at the recent high and replaced them with leaps, taking some money off the table while waiting for market to see the inevitable. A matter of when and not if.

CAT, it tries my patience ... this one is like watching grass grow.
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