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Technology Stocks : Alcatel (ALA) and France
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To: zbyslaw owczarczyk who wrote (2468)9/27/2000 10:12:38 PM
From: Steve Fancy  Read Replies (3) of 3891
 
Zbyslaw, after feeling a little fear earlier today, I took a long hard look at the general market situation and decided I just didn't buy it. I averaged some stuff right at the end of the day, and for whatever reason am feeling confident this bloodbath is just about over. Much of the general selling has seemed senseless to me. It's been kind of funny watching the markets...seems many investors have just been waiting for somebody to take the lead the last few days and the shorts cashed in while generating fear and more and more of the small guys jumped on board the sell train. I didn't and in fact have been buying all month. Wish I started just a tad later though.

INTC has their own problems, but from what I can determine this is not the case for the majority of big techs. Many companies have come out in defense of themselves recently and really couldn't make it much clearer...at least to me.

Steelhead running in the fall? I know they run in the spring around these parts, but never heard of a fall run, though could be I'm just in my ususal cloud. There are a lot of nice browns mixed in with the kings and coho though.

Looking for things to pick up here soon...maybe tomorrow.

As always, thanks for your input!

sf
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