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Technology Stocks : Tekelec

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To: John Curtis who wrote (1481)4/15/2000 2:34:00 PM
From: Bernard Levy  Read Replies (1) of 1648
 
Fleckenstein and David Tice are probably the two most
worthless bears around. I still remember when in October
98 he was advising to stay out of techs until 2000, and to
short Intel all the way down to $17.5 (on a split adjusted
basis). Other bears have good investment ideas: Barton
Biggs made tons of money for his clients when he advised
to go into Japanese small caps in October 98, Michael
Burke in spite of his crusty cynical rethoric is in fact
one of the best investments pickers around (Japanese
small caps at the bottom, oil and oil services in March
99, biotechs in late 98, ANCR when it was in low single
digits), but Fleckenstein is totally clueless. His
only investment advice last year has been silver and gold.
I pity the poor folks who listened to him.
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