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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: The Ox who wrote (1850)1/2/2001 4:56:22 PM
From: David W. Taylor   of 2013
 
Good advice, Michael. From now on, let's try to stick to CNXT.

As for when to buy, I have no real answer. CNXT is caught in the bigger downdraft of all things tech.

At this point at $12 and change, this stock is now in the sane area. The trouble is, catching falling knives is a very wet and messy business. More money by orders of magnitude was lost AFTER the crash in 1929, while people tried to pick the bottom.

If I am any indicator at all, then start buying. I recently bought some stock for the first time in two years. I may have mentioned Sonic Solutions (SNIC) before. When I got in at $4, I was trying to catch a bottom. It has touched 1.25 recently, so I am back out.

The other stock that I think represents value right now is American Power Conversion Corp (APCC). Less than a month ago I bought a fairly substantial stake at $13.25. A lot more than $0.15 worth! It immediately tanked. It has recently recovered to $12.5 only to fall again today along with everything else. My stop for APCC is $8.

I wouldn't touch CNXT as long as the momentum boys are manipulating it. They will run away to lick their wounds eventually. Until then it is impossible to put a real price on CNXT. Their stupid "spinoff" really clouds the issue.

SNIC is a value takeover target. Their software was used by EMI to process the new Beatles 1 CD and it sounds fabulous. APCC is a play on California's silly, pointless, political energy "crisis."

Both of these picks have boards on SI. These are not recommendations to buy. Make your own decisions.
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