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Technology Stocks : US Robotics -- Good time to short?
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To: Jon Huang who wrote (139)3/4/1997 2:37:00 AM
From: casey (guessed password)   of 142
 
Couldn't agree with you more. Although the tech sector did a nice recovery in the last hour (actually, INTC started back at 2:30), the uncertainty in the market and especially the COMS/USRX deal (why they can't figure that one out, I don't know) is reason enough to wait on the sidelines until something positive develops. If Greenspan ups the interest rate, it will be a good excuse for the market to bail across the board. If he doesen't, he's already given plenty of warning that he will if necessary. Everyone seems to be waiting on the high wire they know sooner or later will be cut for one reason or another. - That the market only reacted slightly to his "stocks are overvalued" last week is enough to piss him off. And it seems that the correction is imminent.
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