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Technology Stocks : What is up with USRX? Its exploding! News?
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To: Mary Ann Shubaily who wrote (35)7/15/1996 8:43:00 PM
From: NANCY JEWETT   of 82
 
I am forced to wonder the same things. I wish I had stuck with my tidal wave warnings and not posted good hunting notices. What looked like a bargain at 69 doesn't look so safe at 64.75. Everyone and every institution who holds stock tonight is probably thinking the same thing. So far this looks like the tech. correction of last January which might put it near a short term bottom anyway, but what if it is much bigger than that, how far will corporate profits go to shore up stock price? If I sell everything I have, I could wait to the bottom and reinvest to build my capital back up. If I don't, I'll have to wait for the market to lift in its own time. So how much downside lies ahead, enough for radical selling to be a good strategy, or just enough for radical selling to be a disasterous decision? The key action here is broad market forces. Today's sell off was not on very high volume for such a downslide, does that mean the big selloff is still ahead? Does anyone have a clue as to how to calculate what a real bottom might be? Surely the company's growth over the last year will be reflected in the bottom line stock price? Is the key question what is becoming an acceptable PE? I guess 50 was too high, even with good earnings expected. So what is the new accepted Value, a PE of 10? My humblest and sincerest apologies to anyone I let down by not crying more convincing warnings from the rooftops last week. I couldn't even convince myself to stay out when it went down last Thursday!
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