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Strategies & Market Trends : Making Money is Main Objective -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (1949)	3/1/2002 3:15:01 PM
From: Softechie	Read Replies (1) \| Respond to of 2155

Don't Follow Big Money Into Tech's Pit By James J. Cramer 03/01/2002 14:01 -------------------------------------------------------------------------------- Big money's buying big tech. You can see it. They don't want new tech. They don't want telecom tech. They don't want communications. They want mainstream, liquid tech. I see buyers of Dell DELL , IBM IBM , Microsoft MSFT , Nokia NOK and Applied Materials AMAT . You can see them plowing into the old names, taking them up with a vigor that reminds one of the old days. Should you mimic them? I think that these buys are the worst kind of buys -- and before you think I am short, I actually own four of those five long! -- buys based on the need to put money to work in something, anything liquid that is tech. We have seen this kind of buying periodically. It's all about "no other choice" and "get me something, anything that's moving." It's based on a solid macro manufacturing report, so there is a thesis for it. But understand that this kind of buying is strictly "I don't know what else I am going to do, I am pulling my hair out" buying. How do I know this? Remember what I used to do? Remember when I had hair? Random musings: I am making a lot of changes in my portfolio this week. To see them, you have to subscribe to Action Alerts PLUS, where I also give you tons of commentary about each stock, often intraday, and always before I make the trade myself. Click here to enroll and read my lengthy weekend roundup about each of my 30 positions.