InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,580.52
(
0.14%
)
US TECH 100
19,880.80
(
-0.06%
)
Dow Jones
39,355.78
(
0.03%
)
Brent Oil
84.70
(
-0.84%
)
Bitcoin
57,530.81
(
1.45%
)
Post# of 704019
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

TJ Parker

Send PM Follow Ignore
Followers 5
Posts 2693
Boards Moderated 0
Alias Born 11/28/2002

TJ Parker

Re: None

Tuesday, 05/18/2004 10:17:43 AM

Tuesday, May 18, 2004 10:17:43 AM

Post# of 704019
bernie schaeffer feels the love for big tech ... and gets bearish.

Big Love for Big Technology
Bernie Schaeffer and Beth Gaston
5/17/2004 11:32 AM ET

Frequent readers of this space recognize my view that, from a contrarian perspective, nothing is more negative than overwhelming optimism on a stock or a sector that has displayed weak price action. I took a look at the sentiment on six of the largest-cap names within the technology sector (all boast an average daily volume of between 16 million and 73 million shares) and, as presented in the table below, it is not a pretty picture. Highlighted in green are examples of bullish sentiment (which, when seen on down trending stocks, is bearish in our contrarian view).

[...]

http://www.schaeffersresearch.com/commentary/bernie_observations.aspx?ID=10159
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up