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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 166.37+4.4%Nov 10 3:59 PM EST
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To: Proud_Infidel who wrote (10523)7/23/2002 1:14:21 PM
From: Kirk ©  Read Replies (2) of 10921
 
I think greed is at work now.
Last night Maria was talking to Al Michaels, a sports caster who is "now" a smart investor who has done well shoring stocks. He must have picked the right time by luck to start shorting Amazon.con... as many lost their shirts shorting these on the way up... in fact, it was stupid shorts that drove the price up in a squeeze for many.

Now I fear that the clueless will sell their stock near the bottom and "try to make up losses" by following the "smart sounding shorts"... who are just another version of the loud mouths at the top hyping the go-go tech stocks with 1000:1 price to sales ratios and negative earnings.

The hard part is now where many have shot their wad and now wait for a better economy to make their buys that are now under water look smart. I sold some LRCX at $29 and more at $31 and bought some back at $20.. now it is under $14 and I am scared to buy more! I do hope someone rings a bell so I can buy with the last bit of cash I have... but experience says I'll end up with cash just short of where I wanted to buy but missed the absolute bottom.

Want a yield stock? Take a look at HPQ... amazing!
2.71%!

Kirk
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