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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (43261)3/22/2002 3:31:58 PM
From: DebtBomb  Read Replies (2) | Respond to of 99280
 
Overpriced Techs Reaching the End of Their Ropes
The Brocades (NasdaqNM:BRCD - news) and the Emulexes (NasdaqNM:EMLX - news) and the QLogics (NasdaqNM:QLGC - news ) are struggling after a couple of up days. That's intriguing because we are near the end of the quarter and these stocks are always marked up by the firms that own them.

Have the firms decided not to support these stocks this time around? Have they finally realized that as great as these companies are, they are hopelessly overvalued and won't have a big run from here?

biz.yahoo.com