J Doe #13 Off-topic Non-Specific Tech Stock Ponderings Message Board

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Pastimes : J Doe #13 Off-topic Non-Specific Tech Stock Ponderings

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To: Charlie Finley who wrote (1753)	6/29/1999 7:04:00 PM
From: Johnathan C. Doe	Read Replies (1) of 1819

I was happy to see NETO move out of the 6's. Only bought a half position in NETO; probably will end up regretting that as I might have caught the bottom on it. Supercomputers; don't have any kind of feel on those at all. I have no idea how to evaluate them. With tech companies; so much is talked up; hype hype hype; I'm very distrustful of what I read. PAIR; is this a base getting put in or is this thing going to break down. My guess; it's a new base in a recovering chart. I'm not buying more though; so you know I'm not willing to bet on that. It was a good day today. Seems to indicate that anything re: Greenspan has been more than priced in. I'm expecting a rally on the fact in the techs that should be significant. Internet stocks are back in the saddle again. The pros just keep pooh poohing this sector and every time they are wrong. This time they are convinced that the group will collapse because of too many IPO's in the group. Doesn't seem to be a problem. I sure would like a blow off rally so I can be convinced it's time to sell everything and wait on the sidelines; but I see no basis for this. I am not expected bad news re: tech earnings and so a summer tech rally could be a real possibility. It is also time to buy things that are down for a Christmas effect in certain select groups; CPU maybe?

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