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 Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (26200)	6/6/2000 7:18:00 AM
From: William Hunt	Respond to of 27012

Sonny --from briefing.com this morning ----The lack of selling pressure following last week's record setting gains was very encouraging, as it showed that sidelined investors were indeed using dips to (re)enter the long-side... Consequently, traders shouldn't wait around in hopes of a sizable retracement of recent gains before jumping on board - because it isn't going to happen. Some of last week's biggest gainers - the chip and chip equipment stocks - were among the few stocks hit by any noticeable profit-taking... But even the losses in these groups were relatively minor in scope - especially when viewed against the sector's 27% jump over the past several days... Stocks such as PMC-Sierra (PMCS 187 1/8 -1 1/8), Intel (INTC 132 9/16 -1 5/8), Linear Tech (LLTC 64 5/16 -1 11/16), Novellus (NVLS 55 57/64 -1 11/64), Kulicke & Soffa (KLIC 57 1/16 - 1 5/16) and KLA-Tencor (KLAC 58 11/16 -2 13/16) are among those stocks which pulled back but remain well positioned for additional near-term gains. On the flip side, the beleaguered B2B stocks roared higher today as institutions starting putting money back to work... Biggest winners were Ariba (ARBA 80 1/2 +10), i2 Tech (ITWO 134 13/16 +5 11/16), PurchasePro (PPRO 32 15/16 +7 1/4), Internet Capital Group (41 1/4 +4 11/16) and Healtheon/WebMD (HLTH 18 3/4 +1 15/16)... Net software stocks also did well as evidenced by gains in Vignette (VIGN 41 +3 9/16), Kana Comm (58 + 3 3/4), IntraWare (ITRA 16 15/16 +1 13/16) and F5 Networks (FFIV 44 +3 1/2)... Given how far many of these stocks fell during retreat, plenty of room for additional gains over the next several weeks. Thought you might be interested since they have some of your stocks in the article BEST WISHES BILL