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Technology Stocks : Amati vs Westell, DMT vs CAP ADSL
WSTL 5.900+2.4%3:53 PM EST

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To: j rector who wrote (468)7/5/1996 6:33:00 PM
From: Curlton Latts   of 1365
 
Wow! What bargain prices! Just got back from two weeks on Amalfi coast. Didn't realize extent of tech sell-off. This might be time to to take a "keep your powder dry" approach or maybe, go bargain hunting. I don't pay alot of attention to wiggles or waggles, like JR, but momentum is generally defined by 200 week average trend lines. As such, the telecomunications stocks still reflect the bullishness of the underlying fundamental economic conditions. Namely, sea change transformation in societal behavior combined with landmark shifts in technological applications (i.e. WWW). Short term sell-off will contain babies with the bath water. The nimble opportunist just may find rewarding chances to pick up some deals. Look to the leaders.
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