Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (80997)	12/7/2000 6:42:45 PM
From: BigBull	Read Replies (1) of 95453

Jim, you could be entirely right about tech in the short term. I noticed MOT did a big volume reversal today. Good sign. Still, I think the real bottom comes in the heart of the PC liquidation I see coming after Christmas. When they stop going down during that phase I think a true tech bottom will be at hand. Only then do I see a truly broad based stock market rally that is sustainable. BTW Time Magazine will probably run a cover story on "The Death Of The PC." or some such hooey. ;o} Also the fed will have been well into the rate reductions - but the news will be God awful and retail investors will be puking tech stocks, saying "Never Again". <VBG> I think we may be about 2/3 of the way through that process. But that is just my own personal WAG. BTW I salute Slidah Mon on his "Friends don't let friends buy tech" post of months ago. I also congratulate him on his warnings on the burgeoning bad debt problems faced by the banking industry. Both themes were central in inspiring some independent research and taking a very conservative approach to equity investing on my part. I've avoided a whole pile of unnecessary headaches as a result. BTW Part 2: Intraday today MOT gave back ALL of the '99 - '00 bubble gains - ALL OF IT. Kinda sobering. Don't anybody EVER tell me semi's ain't cyclical! <GGGGGGGGGGGGGGGGGGG> ROFLMAO!!!!!!!!!!

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