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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: silverstein who wrote (1061)5/11/2000 6:35:00 PM
From: MeDroogies  Read Replies (3) of 2013
 
Couldn't answer. Considering CNXT is in a position as good as or better than alot of them, it's behaving VERY erratically. When you consider how much is locked up in index funds, it's odd that it has taken it on the chin as much as it has.

Taylor seems to enjoy knocking CNXT, but hasn't noticed that it's not performing (price-wise) in the same manner as its industry brethren. Should CNXT be fairly valued, it would be at a much higher price. David, of course, probably thinks the whole industry is overvalued...but when you consider their growth prospects, CNXT is a veritable steal right now. The only thing holding it back is the market, in general.
I laugh whenever I look at the market these days. Typical setback in the face of growth....as the market has gotten higher, volatility was bound to erupt. It's happened almost cyclically on a 9-12 month basis. It hibernates for a while, then it bounces back.
I would be more of a bear if the economy weren't so strong. Thing is, techs will fare better than most companies in a high interest rate environment, because so many have low/no debt. Those companies that suffer from interest rates will need to increase productivity...and who will they turn to? The techs.
Gut it out...it's not a long term phenomenon. Virtually every investment I've ever made tanked within the first 2 months I bought it. Yet I'm ahead on every single one right now.
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