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Strategies & Market Trends : The Stock Market Bubble

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To: Les H who wrote (740)7/17/1998 5:52:00 PM
From: R Stevens  Read Replies (1) of 3339
 
Responding to message from Johnathan C. Doe

Hey there buddy, just thought I would share my thinking re: the market: I'm exiting everything slowing; the market is topping out and we are in for some major pain. I'm headed mostly into cash and will lay in wait for the next opportunity to pounce. I think the time has arrived to exit gently and wait for the next wave.

That sure was a quick bull rally. I am expecting a slow August based on last year and the market's current activity...making new highs with a lot of stocks going down. Today I was extremely pleased that I had decided to stick with the big cap tech stocks, especially Cisco and Lucent. I think these stocks will benefit from Microsoft's mild revenue forecast and Intel's woes. If you were a fund manager and you thought your MSFT and your INTC shares were going to go flat, where would you move them? Cisco!

Also Cisco and Lucent haven't reported yet so I believe they are still experiencing some before earnings price appreciation.

Here are my comments on Cisco and Relative Strength:
Message 5102101

RS
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