| i made my first purchase at 28 3/8. i have been getting into top tech and telecom companies after they have taken huge falls. i didn't buy at top or on the way up. i felt there was a bubble. now, i am concerned that bursting of bubble, may have long term effect on economy - i hope and think not. but, japan has been a 10 year disaster. but, i think even its market has been flat 10 years- which is lousy- but hasn't gone down further after bursting bubble. i don't think our bubble was worse. and nasdaq, cisco, lucent, nt, intc, wcom, msft, dell, and others have taken huge % dives. so, i think we are where japan was after more than 50% dive. japan index went from 10,000 to 40,000 to 16,000. it recently went down to 13,000. nasdaq is like 16000 in japan. but, i don't think we'll stay dow. we have little downside risk. we have chance to reach new highs within four years or even less. this is an opportunity to buy the top tech and telecom companies at reasonable prices. |
