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Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1062)	5/11/2000 7:46:00 PM
From: David W. Taylor	Read Replies (2) \| Respond to of 2013

The clue with CNXT and the market is that they are more linked than they appear. If you watch the ticks in real time then CNXT tends to plunge as the market does and rise and the market does......until today. My guess is that a lot of day traders trade this stock and react very quickly to overall market signals. CNXT has been one of theStreet.com's RedHots for a while now, which either causes the day traders to notice it or now that it is noticed, respond to it. The action today was unusual and not a good sign. Once the market has had its plummet next week, after Al G does his 50 basis point thing, it may finally get to the $20 range, where I would start agreeing with the "steal" thought. It hit $39.50 just before some big fund painted the tape upwards at the close.

To: MeDroogies who wrote (1062)	5/12/2000 1:02:00 AM
From: pass pass	Read Replies (1) \| Respond to of 2013

Another stock that I follow has exactly the same symptom. ADAP (Adaptive Broadband, aka California Microwave). Just like CNXT, it shot up big time after the name change and technology re-focus. But then it started to tank for no reason. All news was good news. Everyone thought there must be something seriously wrong that individual investors didn't know. Guess what? Nothing is wrong. Trying to figure out the market usually is a waste of time and source of frustration. Some stocks are listless because mutual fund managers were burnt and are not ready to move back in. They are waiting to follow other fund managers. But if they are so smart, how come most of them can't even beat QQQ?