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Technology Stocks : TLAB info?
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To: Dave Dickerson who wrote (1647)11/13/1997 3:27:00 AM
From: Chuzzlewit  Read Replies (1) of 7342
 
Dave, what stikes me about the bears is that none of them has fundamental reasons for shorting TLAB. All of the news concerning TLAB is positive, earnings appear to be on track. When the bears have something of substance to say, I will listen. But their constant nattering about charts strikes me as inane. What's the only problem we face? To paraphrase Bill Clinton, "It's the stock market, stupid". TLAB is a high beta stock, and so it should not be surprising that it's down about 22% from it's recent high given what's happened to techs in general.

Regards,

Paul
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