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Technology Stocks : Portal Software, Inc. (PRSF)
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To: captaintime who wrote (137)2/10/2001 1:53:49 PM
From: captaintime  Read Replies (1) of 318
 
2 down grades; one from ML and other GSDW with a ravaged Nazdaq with a low probability for good news. Many amateur analysts are savaging long term buy and hold strategies; hard to blame them with bearish tone of market since last year. I'm reading lots of commentary about how previous bear trends have lasted for years. With the advent of the information economy I have a hard time believing anything will last for years let alone months. Will probably commit 25% of my 50% remaining cash position in the next two weeks; adding more QCOM PRSF and taking a new position in NTAP. Feel that NTAP facing a similar situation(with EMC and supporting houses) that QCOM faced with the Euro/Nokia cartel last year. Disruptive technologies can be suppressed only so long!
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