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: Think4Yourself who wrote (81733)	12/14/2000 4:47:57 PM
From: ItsAllCyclical	Read Replies (1) of 95453

>> If I can get the number one software provider, and for all practical purposes the only O/S provider, for under $50, I am in for all I've got. << If this Christmas is really bad...which it's shaping up to be, what's to say there won't be an inventory glut post Christmas causing further mark downs etc? On a $1000 purchase you need to knock off quite a bit in price to stimulate buyers yet margins are very low. I can't see the computer market turning on a dime. This could easily get much worse into Q1 and Q2. After next quarter's numbers in March when they've had a chance to look out into the summer as well then estimates might be reduced enough that they can meet them. Until then techs are purely short term bounce plays imho. Even then it'll probably be too early to call the bottom. MSFT is down only 2 1/2 pts to 53 in after hours, but people really aren't looking ahead to Q2 and beyond imho. We've fallen so much so fast that things appear cheap, but they're not. There's far too much faith in Greenspan being able to turn the ship around on a dime.

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