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Technology Stocks : HDIE - Trader Thread
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To: TEDennis who wrote (73)1/21/1999 10:16:00 PM
From: Charles T. Russell   of 89
 
Er...sorry forgot the details:

I expect a continued tech selloff in the morning. S&P futures were down significantly after hours, probably because of Brazil, but I tend to think that the markets have come to grips with the valuation issue.

The internets, severley overvalued, have been in a consistent selloff over the last week to ten days. That sentiment has spread to the tech sector. IBM and SUN announced nice earnings, but sold off in after hours trading. These signals are reminscent of October, where splendid earnings announcement were met with selloffs.

I'm not suggesting a magnitude seven quake here, but a mag 2-3 on the is coming.
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