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Technology Stocks : LSI Corporation
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To: sea_biscuit who wrote (21833)4/4/2000 8:31:00 AM
From: Robert Scott  Read Replies (1) of 25814
 
It's at times like this when you have to resist your temptation to sell and do the opposite - buy. But buy companies with strong growing earnings and revenues - this means the chips. Many are down 25%+ from their highs. You may not get to highs in 2 weeks but I have a feeling, this market having gone down so quickly will also turn up quickly - when is the question. I expected this reaction but not until Q1 earnings were released. If we get a strong bounce into earnings, I will sell my trading positions into that bounce. Spring/Summer is not a great time to own techs.

It's getting to the point when no one wants to own tech stocks - this usually precedes a bottom. We may hit 4000 on the Naz but I think it will bounce from there - we'll see.
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