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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 139.60-6.2%Nov 20 3:59 PM EST
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To: Will Lyons who wrote (6486)8/5/1998 5:12:00 PM
From: Joseph Beltran  Read Replies (1) of 10921
 
Will,

I agree with everything that you pointed out. That sums up the last 2,500-3,000 points in the dow, and the last 1,000 points in the NASDQ. Unfortunately, I don't see fund managers changing their ways. For instance, today, all the bullish commentators are talking abut "buying opportunities" in MSFT, CSCO, LU, DELL and that's it. It's the same old story. They have been peddling these same stocks (and a few select others) to all investors for the past two years. The index funds (the "no-brainer" funds) have exacerbated the situation. They keep pumping $$$ into whatever goes higher. Something has got to give. The advance/decline line tells all.
regards
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