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Strategies & Market Trends : Position Trading Forum

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To: Sure Thing who wrote (1872)	9/19/1998 11:23:00 PM
From: Sure Thing	of 7247

Every stock I investigate looks like a bear trap to me. In past markets, when large numbers of individual tech stocks are crushed weeks before earnings season, I have found that this is a good signal to exit the market. What do I have to lose by standing on the sidelines until the end of October? Which tech stock will drop 50% next week? If PC selling slows in the 4th quarter or is forecast to drop off a cliff due to reduced capital spending, where will DELL be? Worst case, DELL would trade around $20 in January. How about CISCO, near $30 for sure. LU at $50. Tech stock history has taught me to be conservative in a time like this. Who says I must try to make money in this minefield. I believe the tech sell off began in July and will last 6 months. An AG .25% discount rate cut would not change my mind! However, .50% would force me to sit up and take notice. I am officially in the TECH bear camp until November, - Sure Thing -

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