Dan, Ron, others: - Things have changed, imo. The valuation of the techs/nets/bios have been challenged and stocks that have been trading on a "wing and a prayer" will come back to earth in a vengeance. Stocks that have viable business models: YHOO, EBAY, CMGI, AOL etc will pull back but will be the huge winners of the futures. Stocks that have flown on future expectations: GUMM, ONT, are getting a reality check - the potential is there certainly, but this market wants reality, not promise. The big techs, INTC, IBM, CSCO, SUNW, MSFT etc will give some back, but are still the names everyone wants to own, albeit at lower prices.
Sectors to own (and trade): finance, insurance, retail, energy. all the boring sh*t thats gonna make money in the next few weeks. good luck to us all. Larry |
