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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Alan C. Zezula who wrote (35393)	11/24/2000 12:26:14 AM
From: Stephen	Respond to of 50167

Alan, assuming your question "Don't the lemmings usually bail near a bottom?" wasn't rhetorical, my only thoughts to such a general question are ....firstly... ..I commonly only hear the derrogatory expression 'lemming' when the market has bounced and some long is in the black on a stock. I think a number of those clever 'longs' are currently hurting as a lot of hi-flying tech stocks have broken thru numerous levels of support without much hesitation. Secondly .... ....from what I have seen, it isn't the retail investor who is bailing tech.... they are buying ... as in... distribution. I need evidence that fund money is going back into tech rather than selling it and rotating into the pharms or power or utilities, before I can look for anything other than an oversold bounce. Personally, I'm not going to try and lead the market in a short term trend reversal when there's no evidence that its hapening. I'll follow it where-ever it goes... and be ready to switch back. Regards Stephen