USRX Message Board - Msg: 118437

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Technology Stocks : USRX

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To: Deepak R. Ghosh who wrote (279)	6/7/1996 12:27:00 AM
From: John Stopforth	of 18024

Deepak We see this almost every quarter, just before the quarter ends the tech stocks fall especially when some bad earnings warnings come out. I think this is much the same and when MU comes out with below expectations the market should get hit again. Actually I think the present shakeout is healthy for USRX. Investors will turn from the highly speculative stocks like Iomga and Presstek to more solid companies like USRX. Provided USRX delivers the earnings. I'm not surprised stocks recommended in the Cabot Market Letter got hit. I looked at a number of the stocks and they didn't seem to have much in the way of earnings. Inflation is low, gold is falling, oil is falling, I just can't see any interest rate increase. Where to put your money, good solid companies. I think the downturn is temporary, good earnings reports in July will send the tech stocks back up. John

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