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To: Jon Cave who wrote (62114)3/14/2000 12:44:00 PM
From: IndioBlues  Respond to of 95453
 
o/t AMGN is getting creamed. Look for support in the mid-$40s. Among OSX issues, CAM looks very vulnerable to me.



To: Jon Cave who wrote (62114)3/14/2000 1:04:00 PM
From: BigBull  Read Replies (4) | Respond to of 95453
 
Jon, Sure is a lot of cash being generated by former darling stocks like MRK, PG, JNJ, BMY etc etc. Even the money center banks are starting to crack. The thing I find somewhat puzzling is that when a stock market starts to anticipate recession, money managers start piling into these consumer non durables. They are starting to avoid them like the plague. Glad I was in the patch last week.

Can't imagine these nutball tech stocks have much gas left in the tank. I bet even the starry eyed financial press is getting tired of saying TECH TECH TECH NEW ECONOMY NEW ECONOMY NEW ECONOMY day in and day out. IMO these guys need a new story. I wonder what it will be?