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

To: MonsieurGonzo who wrote (3491)	8/17/1998 8:12:00 PM
From: Berney	Read Replies (1) \| Respond to of 11051

Steve, I'm glad that the Big Boyz served you well today. Should we trail stop? Let me express it this way -- while I was 95% equities Friday, I'm at least 80% cash now! To each his/her own. but as I previously stated I believe this week will be flat. Clearly, the trend is not bullish. But, if I've not learned anything else over the last four years of study, the Big Boyz are going to bounce before everything else. In fact, it is MHO that the secondaries have still not recovered from the June/July '96 sell-off. The big fish always eat the little fish -- it is thus in nature and it is thus in the Market. My humble advice -- sell and reload. If Mr. G and Co leave the situation alone tomorrow, it is a strong enough statement. But a lowering at this point IMHO will only signify that the future is bleak; again, IMHO they are damned if they do and damned if they don't -- the classic catch 22. Please understand that I don't think I've got one of the Fed moves right yet. It's already cost me a bottle of scotch and a whole lot more! As a final thought, GE broke it's trend in 3/4 '97. Was it the end of the world -- hell no. It represented the greatest buying opportunity known to man. Are we there -- I just don't know??? However, I suggest to you that some of the stocks are trying to make support out of shear air. Thus, is such MMM and SLB. I only say beware as trying to grab these pitch forks will generate a lot of holes. Berney and his BWDIK opinions! Berney