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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 142.62+2.2%Nov 21 9:30 AM EST
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To: Bo Le who wrote (9476)2/6/2001 5:35:46 PM
From: The Ox  Read Replies (1) of 10921
 
But this time he is wrong. Once the recession become obvious, the Nazdog could easily fall below 2000.

The recession could not only come in next few month, it could be a big and lasting one.


Just like you were wrong?

Nov 2 '00 you predicted: Now it is clear that the Nazdaq will move higher, much higher, because fund managers have no choices but chase issues like YHOO, CMGI, HLIT, and many others. The Nasdaq was over 3000 at that time and has yet to "move higher, much higher". From: Message 14712728

I realize in hindsight it's easy for me to 'pick on you' but I thought this should be pointed out.

I believe the recovery will be swifter than many expect because I think the downturn was directly related to events that occurred in CY99 and the first half of CY00. The increased spending by almost every firm, from traditional/old to 'new' economy companies, to 'combat/prevent' the Y2K crisis caused a spike in demand in the 'high technology' sectors. Many 'high tech' companies looked stronger in late 99-early 00 than they truly were because of this increased demand. We are now in the wake of the temporary spike in spending. I believe this is one of the main reasons why everything looked so rosy back in March 00 and why we've seen such a quick, severe downturn in many sectors of the economy.

IMO,
mh
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