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.

Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?

To: Richard Grenier who wrote (6342)	12/10/1997 1:46:00 PM
From: Rational	Read Replies (1) \| Respond to of 9124

This does not make much sense to me: Not with that kind of exit* volume.* There were as many big WS players who entered ORCL which is up whole of today in a down market! I do not know what the point is. I would have found Street.com brilliant if they had guessed ORCL would miss earnings. In fact, Street.com had an article before ORCL earnings suggesting that they did not feel safe to short ORCL!! Sankar

To: Richard Grenier who wrote (6342)	12/10/1997 1:48:00 PM
From: Sam	Respond to of 9124

Thank you for posting Cramer's comments, Richard. One paragraph in particular struck me: "But I think the record-breaking volume on this "core-holding in tech" shows that the big guys are in my camp. They want out of their overweighted tech positions. They are nervous. They want more safety, more non-tech S&P 500 stocks. They want into the drugs and foods. And the bonds. They want no risk between here and yearend." My emphasis. That is why I continue to think, as I wrote a couple of weeks ago, that this battering of tech stocks will last a couple more weeks, maybe even a little into the new year. At some point, though, all those sellers will be back with a vengence. Slowly at first. But for those companies whose stories are still intact, with a vengence. People can't simply ignore tech when that this where the growth stories are. Needless to say, the growth stories had better be mostly intact. If they aren't, then the whole market is toast, and the best buy today would probably be 30 year strips, if you can get them, or at least the longest bond you can find. Of course, for this thread, the question is, will the tape story shine brightly enough to overcome the drive story?