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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (62035)	5/25/1999 6:19:00 PM
From: Andreas	Read Replies (2) \| Respond to of 97611

To Thread - Can You Answer $64,000 question? Alright, who was/were the yo-yos that sold 1.3 million shares of cpq in the last 10 minutes of the day. What a joke!! Can you believe it? Take a look a today's daily graph with volume. Last 10-20 minutes was nothing but a huge sell-off. A major problem with this market is that you have to compete with neanderthal's that are bound and determined to lose money and take every one with them. Let's get real about interest rates. Yield goes from 5.5 to 5.75. Yep, that'll do it for me - I definitely want to give up equities for that extra 1/4 point. I can't wait to put all my money into debt and earn 5.75% Where do I sign? As for the market being overvalued - baloney. The vast majority of tech stocks were 10% - 40% higher three months ago!! AOL was 170+ - now it's 115. CPQ was 51 now its 24. Intel was 140 - now it's 107 (pre-split). I can go on and on and on. CNBC is a great one for promoting 20-20 hindsight about market trends and events while at the same time pretending that these so-called "forecasts" are predictions. They had a clown on today who said he has seen tremendous speculation through increased margin in the last two months which according to this nut explains what has been happening lately. Alright, why didn't this great seer see this little tidbit a week ago? CNBC absolutely refuses to challenge these idiot analysts on their after the fact conclusions. Any moron can say interest rates are going up after they have already gone up! Do I sound bitter? Just frustrated. Sometimes I just get so sick and tired of so-called market analysts, gurus, experts, fund managers, etc. who claim after the fact that they saw it coming, but just couldn't get themselves to say it before it happened for some mystical unexplained reason. Talk to you folks later. I feel better now. Thanks for listening.