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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: w molloy who wrote (5631)	4/20/1998 8:11:00 PM
From: grogger	Respond to of 8193

Any chance CRUS could actually surprise with the way the price has been moving. More importantly if they do surprise will the stock fianlly jump up??? Rob

To: w molloy who wrote (5631)	4/20/1998 8:51:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 8193

Molloy; I track the MEGA Cap, and MID to SMALL Cap issues in seperate paper portfolios..on April 13th the divergance said we were on thin ice..but we crossed it OK ..early today The S&P100 fell like a rock..while the RUT went on up.. now I don't have a problem when small caps decide to take off and out run the big caps, it's when they start going in opposit directions, as the small caps can't hold the market up very long, MEGA caps seemed to peak on April 3rd..sold down to the 13th, then started back up TILL this morning..well they are still not back up to the third and started down early today and that shook me..( most of the gains in the market since the 3rd of April are not in the BIG chips..( as far as the S&P goes ) So I just don't like to see the OEX falling as fast as it did early..it mostly recovered late in the day..but I was out by then. ----------------------- Don't get me wrong I don't see some big disasster..but we are on some short term thin ice for a correction.. Since April 3 the smaller caps have been kicking butt going up..after they out pace the big caps enough , they take a rest or profits are rotated into the biger and more liquid ones.. ------------------------- Tech was real strong today..and I had counted on that.. and was bullish going in Friday..just that OEX drop worried me this morning..(S&P100) and the TOP 10 by market cap in the DJI..fell too.( they have more cap by 2 x than the other 21 )...they recoverd some..late today..but not all . -------------------- You will find your most liquid stocks sell down before a sizable correction..they do this often un-noticed as the others hold up the indexes..at some point the sell moves to the less liguid ones..and when it does then the indexes fall like crazy and some panic hits, in other words the less liguid stocks tend to over shoot the majors in both directions..I look at that divergence. No hard fast rules to it, but I feel we are on sort of thin ice, in respect to that. NO really big sell off unless interest rates go up ..I don't think equities at their PE levels now will stand for 6% interest or better..so far we are safe there. Jim