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 : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: AreWeThereYet who wrote (12577)	12/19/1997 7:23:00 PM
From: Eric	Read Replies (1) \| Respond to of 45548

Andy Yes, I think he is. More power to him, I used to do that years ago but realized that I'm better at picking the long term trends. We all have to figure out what works best for each of us! 1998 looks like it will be a challenging year and could possibly go either way depending how asia turns out. One thing looks pretty sure IMHO is that interest rates are going down. I wonder when Allen is going to pull the trigger?? Any guesses anybody? regards Eric

To: AreWeThereYet who wrote (12577)	12/20/1997 3:54:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 45548

<< Craig is more like a day-trader. I don't think he will be here in the long run. >> Sometimes I daytrade. It depends on the market. When it's volatile day-trading is like taking candy from a baby. The problem with todays market is it's getting harder and harder to make money on the long side. Remember when the Naz was up 24 points just a couple of days ago? (the day I called it a pathetic bounce). INTC was flat MSFT was in the red. Semis were looking weak. Most of the networkers aside from C$CO were struggling. Back in the good old days a year ago when the market was strong on 24 point Naz up days you would see MSFT and INTC up 4---CSCO up 3---COMS up 3 etc, etc. Good breadth. Today? Even though the Naz snuck into the plus column at the end of the day the Adv/Dec line looked horrific. Decliners outpaced Advancers 25 to 17. New highs/Lows? Only 68 new highs compared with 270 new lows Yikes. That tells me that today was probably just a bounce and techs will be having a tough road ahead. My bias is still to the short side. (although on days like today if the bottom fishers want to play hardball I'll dance right along with them). Yes, Beachbumm the bear market for techs is among us. Just glazing over the Naz composite doesn't tell you squat about what most stocks are doing.