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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: Gerald Schickling who wrote (1776)12/4/2000 9:19:50 AM
From: MeDroogies  Read Replies (1) of 2013
 
Actually, he's been posting that the stock is going to be below $20. $18-16, if I remember correctly.

Needless to say, he's closer than the rest of us, but I still don't believe his reasoning is correct. There remain no indications that the economy is as bad as he has indicated, nor is there a real tech slowdown in place. There is, without a doubt, a flight to quality. However, this is rarely an indication of much of anything.

Whenever a flight to quality occurs, it tends to be overblown, is followed by a tremendous amount of consolidation, and EVERYONE suffers (stock-price wise) in the process.
Such stalwarts as GE (whose price can hardly be called overbid) have suffered, despite improved conditions in almost all their sectors.
Ride it out is the best philosophy (and most reports show that the individual investor is doing just that).
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