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Technology Stocks : Vignette Corporation (VIGN)

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To: Trader Dave who wrote (336)4/13/2000 11:17:00 AM
From: Wizard  Read Replies (3) of 628
 
TD, you structured 3 sentences without talking about 1 stock or tech segment you like and focused just on the market. The market is a hot topic but its all just blips on a 5-10 year chart if VIGN is a platform type of a successful company. My opinion is that there are some real franchises you can buy here at 50-60% off where they traded 3-4 months ago. If its going to be a successful company, its ALWAYS a good buy at 50-60% off. A stock growing well into the triple-digits gets cheap real fast if it loses 50% of its value. AOL lost nearly 2/3 of its value in 1997 and still didn't look cheap but you can't even distinguish the correction anymore on a chart as it rose 100-fold. If VIGN executes its strategy over the next 12-20 quarters, even a long bear market won't hold it back from making its investors a lot of money.

During last week's rout, I was buying EPNY. Today, I am going back to one I have owned in the past but has been hit by lock-up releases.

I view corrections like these as the equivalent of compressing a heavy duty spring. The stocks correct, then spike down, then come firing back when its bleakest.

Is bleakest a word?
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