Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (70196)	10/8/1998 8:34:00 AM
From: KM	Read Replies (1) \| Respond to of 176387

Some more slightly more optimistic musings from Briefing. BTW, I hope that Michael Dell addresses this rumor from the Greenberg column which I posted earlier. In the first half of this year, strong gains in a handful of large-cap tech stocks such as Dell (DELL), Cisco (CSCO), Microsoft (MSFT), Apple (AAPL) and Intel (INTC) masked an underlying bear market in the sector... Now, sharp declines in these same names are overshadowing modest improvement in a number of second and third tier stocks such as At Home (ATHM), Seagate (SEG) and 3Com (COMS)... Whereas we were troubled greatly by the first situation, we are guardedly optimistic about present conditions... This statement might seem ludicrous in light of recent trading but it is important to remember that the big, high profile names are typically the last stocks to break down during a bear move... Naturally it will be difficult for the rest of the sector to post any meaningful gains while group leaders are under attack, but improved relative strength amid the second and third tier names bodes well for the intermediate- to longer-term... Briefing maintains that we are much closer to the end of this corrective phase than the beginning Based on the Nasdaq's penetration of key support at 1477 in yesterday's trading, we see additional downside risk to the 1350 area... Whether/how fast we get there will depend greatly on the earnings news over the next week... As noted above Yahoo! came through with a strong report... If we see positive surprises next week from companies such as Intel and Compaq (CPQ), we could get a respite from the selling... But if these stocks fail to report "good" news, it won't take long before the Nasdaq to shed the next 100+ points..