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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (16004)	4/24/2000 10:49:00 AM
From: William Hunt	Read Replies (1) \| Respond to of 35685

This morning it was reported on CNBC that Trimtabs reported at least two billion dollars in new cash going into aggressive growth funds the first two days of last week yet none of the money was put to work . The same situation again this morning the houses out with the same news ( MSFT is definitely old news ) ---not buying --waiting till they drive techs down to a given point ( definite manipulation ) . By the way am not selling and congratulate you on your purchase BEST WISHES BILL PS From briefing.com---Given that the Nasdaq followed its biggest down week in history with its biggest up week in history, about the only thing investors can count on these days is volatility... Markets are at their most volatile when investors are at their most emotional... And it is clear that emotions, not long-term fundamentals, continue to dominate trading behavior. Microsoft's (MSFT 78 15/16) bearish conference call after Thursday's close (see Stock Brief entitled "Microsoft's Bad Call" for details), suggests that fear will be the ruling emotion again this morning... Large-cap leaders such as Intel (INTC 115 3/8), Dell (DELL 49 3/4), Applied Materials (AMAT 93 1/8) and IBM (IBM 104) likely to be dragged down by MSFT's comments regarding weaker than expected corporate PC demand... And if the institutional investors can't count on the likes of MSFT, DELL and INTC to deliver dependable earnings, they aren't likely to rush back into the sector. On the plus side, if sector can absorb the MSFT blow without taking out the recent low, it will be a strong signal that the bottom is in place and that the bias from here will be bullish... Nevertheless, without active participation from the big boys any tech rallies will be limited in scope... Traders also unlikely to load up on longs ahead of this week's GDP data (due Thursday).