Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (26400)	8/4/1999 8:17:00 PM
From: Don Green	Read Replies (1) \| Respond to of 93625

Zeev I don't think this market can turn bear unless we have a long (6-12 month) slow decline to kill the Buy the dip mentality. My feeling is this market is only good for a 10-20 percent gain in any given bullish year and since we have already reached that level it needs a strong decline (refueling stop) to justify any higher moves. The one danger is the potential for a MAJOR Y2K selloff in late Oct to mid Nov (always a scary time anyways). It isn't justified but what is these days. If that occurs Jan-Feb could be the greatest (relief) rally in market history IMHO. regards Don

To: Zeev Hed who wrote (26400)	8/4/1999 9:46:00 PM
From: Richard Habib	Respond to of 93625

Zeev, take a look at longer term indicators like momentum, etc. They seem to be indicating that Intc and the other semi and equip makers are making new highs while such indicators are failing horribly to confirm. Out of the 160 or so tech stocks I follow, most are in strong downtrends on 4-9-18 day moving averages with various degrees of confirmation in other indicators. The handful still uptrending are for the most part showing significant divergences as noted above. I wouldn't be surprised at all to see Intel begin a pull back to the low 60's. As you say the question is correction or beginning of a bear. It seems to me that anyone with significant profits for the year will be leaning toward locking in gains given market weakness and Y2K uncertainties. My take is a short bear market or a significant correction lasting the rest of the year is a good possibility. That said, I remain mostly cash but beginning to seriously think about shorting some of the high PE stocks that have not corrected thusfar. Rich