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Technology Stocks : Corning Incorporated (GLW)
GLW 89.01+1.3%Nov 12 3:59 PM EST
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To: t2 who wrote (889)10/3/2000 8:24:46 PM
From: FlameMe  Read Replies (1) of 2260
 
t2,
I think we're getting close to a bottom because it's getting too easy on the short side. I wouldn't be surprised if we have one more short term bloodbath on the expensive tech stocks. The fastest moves often occur at the end of the trend, so it wouldn't bother me to see some large declines because I think they'll reverse.

Perception tends to vacillate from "we're going into a recession and these companies won't be able to grow as fast" to "we are at the dawn of a major telecom buildout that won't slow for many many years". Eventually, people will get excited about broadband again and the stocks will move fast. At least I hope so :-)

I'm concentrating on GLW, NT, CSCO, JDSU and CIEN. Good luck.

Ross
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