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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Jorj X Mckie who wrote (2832)9/18/2000 3:58:13 PM
From: bill meehan  Read Replies (1) of 33421
 
Thanks, JX. I agree that the cycle may have smoothed (as appears to be the case in much of the economy), but cyclical it remains. Lots of the increased use in consumer products are simply commodities, and we all know what happens to every commodity market because supply will always increase to meet and then exceed demand. Those with unique products that can be defended well should profit, but few hardly qualify as undervalued. I'll wait until they are, and play it through QCOM. Actually hoping QCOM gets hit along with tech stocks in the near-term, since I don't have a large position.
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