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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: paul_philp who wrote (60883)5/3/2002 4:28:17 AM
From: LTK007  Read Replies (1) of 99280
 
well we do agree this tech pit WILL have a bottom and that will be a fine buy point.
I think the one problem some people have in wondering why techs continue to flounder is , imo, they have not relized techs are fighting thru a depression rather than a recession.
A crude example is before the crash of 1929 there were literally hundreds of automobile companies listed on the stock exchange (over 400 i hazard a guess).
And the same situation was similarly repeated in the other hot sectors, such as voice recording and radio.
By the end of this tech shake-out many companies will be gone or bought.
As Chambers himself said, he expects ONLY 3 to survive in his specific sector. Max
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