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Technology Stocks : Full Disclosure Trading
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To: advocatedevil who wrote (3264)12/15/2002 10:18:39 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 13403
 
OT

AD, It has been my position that the stock market will not crash while employment (and aggregate income and consumption) are steady or rising.

So for me the decision to stay fully invested is based on my expectation/hope that employment will continue to support the current level of consumer spending.

But the data from the previous week is testing that faith. In the past two weeks my accounts dropped approx 25%. And I expect the down trend to continue until we get positive reports about personal income and spending.

As a fully invested long, I am encouraged that hardly any tech company has issued a warning so far this Q. The ones with a mid-Q update have been positive. Some very positive. Contrary to what some writers say, everyone I know is buying a computer, DVD, PVR, PDA, digital camera, or notebook computer.

I also know that millions of people have been accumulating the proceeds of matured CD's into money market accounts. And they would like to buy stocks. But they're waiting for a sign. When will that be ? I think it will be after Jan 15, when the Q reports again will show that earnings are positive, and the economy is not slipping back into recession.

Good luck in whatever you decide.

Sarmad
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