VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (26564)	12/20/2000 9:49:04 PM
From: t2	Read Replies (1) of 65232

We are upgrading ABC stock due to it's relative valuation and we now feel they will beat their NEW REVISED earnings estimate. It has to be this way or we wouldn't have had the good earnings to begin with. It is all a game in a cycle. True. It is also important to note that so many techs are close to multiyear lows. In the past 1 1/2, they have not paid dividends so there must have been valued added to the company. That is also another reason I will remain in tech. So many of these companies have build up dominant market positions (like Cisco) Expecting a bounce to 3k by early January and then... Once some high growth companies like JDSU, PMCS, JNPR start reporting their earnings and assuming they are positive, there could be significant gains made on the Nasdaq. We end up getting another bounce over 3k if the earnings picture is better than expected...I think it will be. Add to that the FED cuts expected. Agree, tech is the place to be by January but I will also stay with financials as they will respond to lower rates. Why risk putting everything into tech is how I see it--diversification into other interest rate sensitive sectors is a plan that I will be following. This strategy is safer just in case techs run into early 2001 problems with gloomy forward looking company statements. That will severly limit upside on the Nasdaq but may actually help financials.

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