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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (11855)7/22/1998 8:48:00 AM
From: Phil(bullrider)  Read Replies (1) | Respond to of 18691
 
Pancho,

With the run-up we've had recently, anyone that wasn't somewhat prepared for a correction was living in Na-Na land. Greenspan's negative comments were all it took one time before for a sizable correction. I feel the "Internuts" will take it worse than the broad market, if indeed it comes.

LU reported this morning. Five cents ahead of expectations. I don't know if that was enough based on the run-up they've had. Nothing mentioned about a split. If enough other big tech companies keep beating the street, they may help temper a sell-off. I guess we will know in a little while.

Good Luck,
Phil