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Technology Stocks : Source Media SRCM

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To: Phil(bullrider) who wrote (1901)	12/14/1998 9:26:00 PM
From: Pluvia	Read Replies (1) of 3015

Great find Phil. I had a meeting set with the BRCM guys (they rented a suit - did not have a booth at the Western Cable show), but I got so busy I didn't have to to go. Looks like I blew it. It would have been nice to set with 'em and see their stuff. The market overall was BAAAAD today. Indexes breaking support, stocks breaking support... This market looks real scary here if you're long anything. I sold everything long and took more short positions today. The non confirmation of the transport index (not making a new high along with the dow and naz), and the support breaks today spell a classic "trap" headfake rally... If that's true, this market could get real ugly, real fast. Look out. I suggest my new buddy Mike W. take heed and hedge his long position here. As much as I want to buy him dinner after the stock breaks $3, I'd hate to have to listen to him cry like a lost puppy all nite... Cheers Steve

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