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Non-Tech : James Cramer
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To: James J. Cramer who wrote (172)1/21/1999 4:01:00 PM
From: J. P.   of 766
 
I am wondering about your column today where you say this tape is a great buying opportunity. What kind of a time horizon are you talking about when you say that? It might be good for a couple of day flip, which is fine, but I think people buying here, especially tech, intending to ride the stock up might be in for some unhappy sledding for a few months.

quote.yahoo.com^IXIC&d=t

A simple glance at the above Nasdaq chart should be illustration enough. This is one of the few times I disagree, and I read the columns daily.

Plus I don't see anything to propel the tech market forward for the present. We've had big runups, Microsoft and Intel are already out with their earnings, we know it's a blowout. Lucent got crushed on the news. And the Internets seem to be too hot to handle. I think we're poised here waiting for some outside event to happen to pop the balloon.

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