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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (3421)	8/13/1998 7:39:00 AM
From: Berney	Read Replies (2) of 11051

MG, I'm back in the swamp! Yep, It's a nasty market. Sometimes its probably best to just step aside and let it happen. The Wash Post last week had an article that stated 1) YTD only 70 stocks in the S&P 500 accounted for the entire YTD gain, and 2) only 14 stocks accounted for the second quarter gain. Tough to take Buy and Hold positions in this kind of market environment. I already decided that I'm not going to take positions until my BAMBI indicator turns positive. The best one can hope for in this market is pizza money and tips. TRV announces a $1B share buy back yesterday and the stock moved lower after the announcement. Clearly, financials and health care are a disaster this month. Can the techs stay up in this situation? Berney

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