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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?


To: R Stevens who wrote (11005)5/20/1998 1:04:00 PM
From: Don Earl  Read Replies (3) | Respond to of 14577
 
Hi R,

I'm a little surprised at todays tech action also. The only thing I can figure is folks were looking for a blow out on DELL earnings, and it didn't happen. They beat estimates but they did it mostly on investment income and they missed the whisper numbers.

The way SIII has been pulling back on very light volume over the last week makes me think it's about ready to change directions again. Could see another run at resistance in the mid 8s over the next week or so. I agree that watching market trends is at least as important as watching individual stocks. Actually the news on interest rates came out yesterday, so we're probably just seeing a little bit of profit taking.

Regards,

Don