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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: John Hull who wrote (91694)	11/4/1999 12:11:00 PM
From: Gerald Walls	Read Replies (3) \| Respond to of 186894

At TheStreet.com, Cramer sez: thestreet.com Bringing Down the Market By James J. Cramer 11/4/99 10:37 AM ET Beware of how easy it is. It may be too easy. There are people today who want this market down. Badly. There is massive put-buying in EMC Corp. (EMC:NYSE), IBM (IBM:NYSE), Intel (INTC:Nasdaq) and Cisco (CSCO:Nasdaq) again. (I am long the last two -- bummer -- but I call them as I see them.) When I see this kind of tenacious put-buying (How do I see it? As a professional, I monitor this stuff), I get a little nervous given how far we have come. I think that at some point today, people will try to trash the market, coupling some negative tech stories -- hence the put-buying -- with the rumor of a major upside in the employment report. As the latter has been around for a while, it is probably getting a bit discounted in the bonds. The tech raid, well, let's just stay tuned.