Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 156.00

+0.6%

Nov 28 9:30 AM EST

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To: Jerome who wrote (9549)	3/21/2001 8:57:17 AM
From: willcousa	Read Replies (3) of 10921

Jerome, that was a nice answer. Two thoughts. You can perform with the market without owning tech stocks but you can outperform the market by owning techs. I too am heavily in tech stocks, write options and buy long calls. I like the tech stocks because there are many with sound fundamentals and they bring lots of volitility to the table - ideal for the use of options. One must prepare for down markets. I think that two years is about the longest down market one must be prepared to weather. And one must expect surprises - both pleasant and unpleasant. The bubble lasted much longer than we could have imagined but they always burst. OK, a third thought. Those who go to cash in a drop are playing a loser's game. History shows that reversals to the upside are often quite sudden and one must stay in to profit from them. If you don't stay in you get all the losses and only a part of the gains. Someone out there may be able to time the market to perfection but most of us who have been at this awhile have learned not to even try. If you can weather two years of downturn you never have to time the market.

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