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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Tiley who wrote (18371)	11/16/1998 1:34:00 PM
From: Clint E.	Respond to of 68096

Hello Manish. The action in the net stocks did bother me as well last week. It is as if everybody including money managers have mostly ran out of ideas in the tech sector and are chasing these overvalued stocks. The funny things is that they even justify it by mentioning Xmas shopping season and the additional net traffic. Our buddy Jurgen bot EBAY, made money, and confessed that the stocks is overvalued. I guess what really bothered me last week was to see that without them, the NAZ couldn't rally and once they weakened the NAZ weakened as well. It is the same deal today. LCOS's hyped up upgrade gave wings to these stocks and the NAZ market in the early morning but once they pulled back they dragged down the NAZ as well. Clint

To: Tiley who wrote (18371)	11/17/1998 11:29:00 AM
From: Clint E.	Respond to of 68096

Manish, I didn't mind nibbling on a few hundred shares of TLAB at 55, and DELL at 61-5/8. If we get a cut we should have a couple of days of rally. If we don't get a cut, these are safe stocks to have. I am also eyeing LU. The bank and brokerage stocks are sending a loud signal that says we will see a cut. Clint