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.

Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Rick Buskey who wrote (13997)	3/30/2001 10:21:23 AM
From: JRI	Respond to of 37746

I could be wrong....perhaps managers are sitting on so much cash...they have to buy SOMETHING...that could happen.... But I think they'll be deer in the headlights a while longer.....I think they'll play it conservative until more news out.... How can you "buy the rumor" when the rumor is bad? Maybe I could see a "sell the rumor, buy news"...but then the buying would take place post-April 15th....that actually makes more sense to me...even though, historically, that's not a good period for tech stocks... Also, this doesn't feel like a retest of a low to me......it's not selling off, hitting, and bouncing......its just plopping there like Fat Albert... Every tick up (COMPX) of a few points...gets sold... Grinding down.... Hey, this all my FUD....good luck with your decision....If there is buying next week, I would think it is a technical, oversold rally in some names that got beat up this week....and it will get sold off soon after..

To: Rick Buskey who wrote (13997)	3/30/2001 10:37:26 AM
From: JRI	Read Replies (1) \| Respond to of 37746

Richard...one other point to consider... Most funds STILL are overweighted tech....although, again, there could be some buying of the guys that heavily sold off this week/month.....do you think these managers want to maintain a higher % in tech (I don't)...given what's going on...and all the irate/redemption calls...they are geting from their investors? Therfore, I think they have to be net sellers...in my mind, that explain the grinding, systematic down moves in Naz....given the (still) overweight, I think it has more to run...we'll see.. I think the (managers) are still looking for ways out the back door...