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Technology Stocks : WDC/Sandisk Corporation
WDC 169.08-0.4%1:40 PM EST

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To: Ausdauer who wrote (19440)3/6/2001 10:31:50 AM
From: 5dave22   of 60323
 
Hi Aus <Starting to see more semiconductor downgrades despite the devastation all around. Kind of reminds me of all the upgrades that went out when stocks were making new highs nearly every day early in 2000. At that time the buy recommendations were probably just a smoke screen for institutional selling, while now the downgrades (coming after most stocks have already cratered badly) likely represent institutional interest and buying activity.>

Hopefully we all learned a very valuable lesson. When EVERY analyst is screaming "BUY!!" - they're looking for high exit points. When EVERY analyst is screaming "SELL!!" - they're looking for lower entry points.

Best,

Dave
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