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Technology Stocks : Compaq

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To: Night Writer who wrote (77115)1/30/2000 5:09:00 AM
From: JDN  Read Replies (1) of 97611
 
Dear NW: I dont think a correction does any individual investor any good. I would much rather be buying on the upswing then the downswing only because its more FUN. However, considering how fast we have grown in the past few MONTHS a correction is probably HEALTHY for the overall market. Gets out the Momo guys, the weak hands and all. Then we start the whole process over again with a new set of players. The ONLY thing which has me a little concerned is this huge amount of Margin hanging over the market. Not good in my opinion and could result in a VIOLENT drop if the market gets low enough to cause margin calls across the board. I do have faith though that in the end quality tech stocks will again lead the next advance. JDN
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