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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 9:30 AM EST

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To: Ausdauer who wrote (10050)4/3/2000 5:41:00 PM
From: Starlight  Read Replies (2) of 60323
 
Ausdauer - EVERYTHING on the NASDAQ related to technology that has had a big run up sold off today. The institutional investors (and others, too) are rotating into "value" stocks now. When the pendulum swings too far one way, it's bound to swing back. The NASDAQ had gotten way too overvalued. I heard one analyst say today that he thought it still had further to drop. We don't know what will happen. However, long term investors should be thinking out another year or two, and these sudden moves shouldn't be considered a time to dump stock that they still want to own for the long term.
Buyers should use caution now -- perhaps let the dust settle a while. Times like this aren't fun, but if you're in the market long enough, they're inevitable.

Betty
(P.S. Mike - Just read your note. I'd forgotten about the Mitsubishi filing, and I think you're right. That probably killed any euphoria over the win. Seems intentional that they timed it like that.)
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