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Strategies & Market Trends : Making Money is Main Objective
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To: Softechie who started this subject1/16/2001 2:24:23 PM
From: Softechie   of 2155
 
Bottom Line: Do Tech Investors Need to Give Up on the Sector?
By RUTH SIMON
Staff Reporter of THE WALL STREET JOURNAL

Marcos Sunga, a physician in southern Illinois, was so convinced he had stumbled upon the secret to making money in the stock market that he decided to write a book about his strategy. "I even had a title and I had a Web site ready," recalls Dr. Sunga, whose technology-laden portfolio climbed 700% in 1999 after having doubled during each of the previous four years.

With the collapse of the Nasdaq Stock Market slicing his seven-figure portfolio by more than 60%, Dr. Sunga has abandoned his book project. But he isn't writing off his portfolio, which is 90% invested in technology stocks like JDS Uniphase Corp. and Redback Networks Inc. Last week, he picked up 500 shares of America Online Inc., before its merger with Time Warner Inc. was completed. Dr. Sunga says he won't give up on tech stocks "as long as I think the business is good. Hopefully, they will recover."

Like Dr. Sunga, many individual investors have been humbled by the Nasdaq Stock Market's sharp decline. But, in what may be a sign that the stock market could have further to fall, few seem willing to abandon the battered technology sector altogether.
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