Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 189.12

-2.3%

Jan 15 3:59 PM EST

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To: Jacob Snyder who wrote (5595)	4/1/2001 1:20:57 PM
From: Ally	Read Replies (2) of 6180

Jacob, thanks for the long write-up on how you see the situation. I tend to agree with all the points you made, except probably I'm more optimistic about the economy. I think the economy has been talked down (including by Bush <gg>) more than it is warranted. I think Greenspan has a good grasp of the real situation (despite many now who are gnashing teeth figuring the whole downturn of the stock market can be attributed to Mr. Greenie), and the numbers continue to indicate that the economy is slowing down, but possibly not toward recession. There are also conflicting numbers between inflation and consumers' confidence level. Mr. Greenie doesn't seem too concerned on the economy tanking as he is on consumers' confidence. The latter is a psychological matter which need to be propped up. It the consumer pulls back then the economy may tank. That's why all the political talk down of the economy so as to get support for a tax cut may eventually do more harm than good. If consumer confidence is damaged, there won't be more spending, even with more money is one's savings account Besides, there's already tons of money on the sidelines now, waiting to be deployed into equities, after a bottom is finally reached. Seems to me buying TXN at $30 support level is probably "having the cake at eating it too". We can trade, or we can hold. If this bottom once again holds (which I'm expecting) it'll be a triple bottom... a good indicator that perhaps a bottom has been reached for the stock. We'll need to first see how the test go this week.

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