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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST

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To: Anthony Ball who wrote (239)3/9/1998 4:18:00 PM
From: Don S.Boller  Read Replies (1) of 3873
 
Anthony: IT MAY BE SILLY NOW..........................
But, IMHO (make that very humble). Trying to time a rocket
can be very UNrewarding over the LONG TERM. If the posts
are correct - we have a lot of SOB's (sold-out-bulls ) lurking
around right now. I think the stocks is due for a good correction
at any time now....so, why not sell and repurchase on the dip(s)???
In my experience - that doesn't work too well. More mature
stocks are another matter....Please get out long term charts
and look at some price histories - try INTC, MSFT, etc., etc.
My point is - new growth stocks almost NEVER look cheap
except in hindsight.....BWDIK
Best,
Don
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