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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: Jay8088 who wrote (2486)	9/8/1998 10:32:00 AM
From: mauser96	Respond to of 3424

SAP up over 5 in first half hour of trading. This demonstrates that there is pent up demand for this stock but that it isn't immune from the general market. This in turn means that if the Nasdaq goes much below 1460 ( the bear gets another leg down )that SAP will follow but will also be one of the first to respond to a new bull, and that buyers do not consider it overpriced relative to the general market. My guess is that there is a 60% chance that the bear is over. Even if it's not the market on the DJI is already down 20% . The average bear has about a 36% decline, and that counts periods like 1937-1938 (the great depression) ,1939-1942 (when the outcome of WW2 was in doubt), 1973-1974 (oil price increases, LBJ inflation). Personally, I was a buyer at the lows Friday, but I'm keeping some buying power in reserve. I have lightened up on my SAP so that I'm no longer grossly overweighted.