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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 234.22+3.7%Nov 21 9:30 AM EST
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To: Rarebird who wrote (780)4/14/2000 2:19:00 AM
From: Danny Chan  Read Replies (1) of 1801
 
Nice thought, but kind of hard to use FFIV as indicator to the market.

I think the market correction is really a reality check. Even after this correction, the valuation of tech stocks are still substantially higher than it was years ago. But I don't see the valuation get back to what was before, unless the internet and communications driven economy is putting at risk. If history serves any reference, than a short term stumble in the market does not have a meaningful impact on the economy. It may hurt some near term prospectus of raising money form the market, but most tech companies are very cash rich at this point. So it shouldn't impact any business plans or investments that will drive long term growth.

FDRY just turned in an excellent quarter and I think FFIV should do well in theirs as well. I'm actually glad that the market has become more rational now. Investing in a young company with no long track record has not been easy and is usually preferably to get more visibility after they turn in their numbers. I remember it used to the case when this kind of upside is reported, the stock may well open 30-50 points higher. And now, I'll just wait and take time analyze the results and get in when comfortable.
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