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Technology Stocks : Semtech (Nasdaq:SMTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Bond who wrote (1060)	2/29/2000 9:30:00 AM
From: Leeza Rodriguez	Respond to of 1225

OT speculation: --Jeff, excellent point, however I do think the humans are running the (larger) show. I think the rotation to mid-cap is largely a human-oid precipitated event. Personally, I point the finger to the INDEX phenomenon. Not only is new money gravitating to mid-cap tech , but I believe that existing money from the average Joe-6-pack investor is switching INDEX funds. I believe that they are switching from Dow , S&P INDEX funds TO the mid-cap hi-tech INDEX stuff. Since Index funds by definition carry very little cash, they must liquidate positions when they get redemption requests. I think this is why the Dow and S& P Index funds are getting hammered--Index fund redemptions. And likewise, as money flows into the mid-cap tech index funds....those porfolio managers must SPEND those assests to keep the fund 'INDEXED'. And as you know, there is just a finite universe of great companies to buy in the mid-cap arena :-) leeza