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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (34932)4/19/1999 9:03:00 PM
From: Northern Cougar  Read Replies (2) of 120523
 
Small Fry, remember last week we were musing about the hard to find value plays left in the market and how April 15th and option expiry week could lead to manipulation... Well the fast exodus of the big Institutional funds from anything Silicon and the jump into "rocks and trees" all at the same time last week it seems, created a black hole in techs and Internets, that has now naturally expanded to suck up or shake out the little investors/traders (that's us) and forced the margined leverage players to bail out in a panic. I'll bet the same Institutional guys that moved last week from Silicon to rocks and trees will be back on Silicon within a month or two saying that the froth is gone, and there is value in this sector after all. Of course after they will have driven the price down and re-entered quietly. JMO...
For my part I'll keep some powder dry on the side, and re-enter among the leaders only. They will be the first ones to recover after the smoke lifts from the battle field...
:)N.C. (bruised, bloodied a bit, but not dead yet!)
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