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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (1915)	10/28/1997 10:56:00 PM
From: Trebor	Respond to of 42834

>And talking of today's rally, I have a feeling that the whole thing was phony, and the "bargain hunters" are going to realize that over the coming days.< I don't know about phony but I do wonder about some of the bargain hunter's rationale. If Intel, Compaq etc. were overpriced last week, then why aren't they still overpriced now that they are back at the same or higher levels? I mean why was Intel worth $83 last Friday, $70 this morning and $85 tonight? I'm not complaining, mind you, because I'm long Intel, but it really doesn't make any sense. And it's not the small "novice" investor who is causing these wild swings but the so-called professionals. Really makes me question their wisdom.