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

To: Mohan Marette who wrote (117676)	4/14/1999 11:31:00 PM
From: Ian Davidson	Read Replies (1) \| Respond to of 176387

From Briefing.com...FWIW Rotation, rotation, rotation... In a word, rotation reason for continued weakness in the tech sector - especially the large-cap group leaders... Institutional investors reducing exposure to inflated tech stocks and moving into more attractively priced, economically sensitive issues... Concern over slowing PC growth and sluggish revenues in chip sector (so far) also weighing on techs... In light of Nasdaq's gain over past month, correction should come as no surprise... In fact, weakness long overdue... Selling could get nasty over the near-term as group leaders (for the most part) continue to trade at steep premiums to their long-term moving averages... But after brief period of backing and filling, look for techs to resume their advance due to group's much better than market growth potential Ian