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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (4627)	4/20/1999 9:45:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

P: My rolling correction commentary was strictly limited to the semiconductor capital equipment sector. As for last week, here is what I believed happened. On Friday, many of the portolio managers found themselves being left behind by the dash to cyclicals. So they said to themselves they would hop on board on Monday. So they told their traders to buy some cyclicals and sell some high multiple stuff. Too bad too many decided to do the same thing. So on Monday, with the DOW surging and the high multiples crashing, they saw some value back in the high multiple stocks and so they sold some cyclicals which brought the DOW down. And today the action reversed with the high multiples going up again and with the cyclicals flat. Yes, this could have been the high in the markets as you described, but I don't see the catalyst for the fall now with the market broadening and with good earnings and guidance flowing. INTC to have analyst meeting this week. Then we have the H & Q technology humpathon. Market looks tired -- that is for sure.