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Technology Stocks : Western Digital (WDC)
WDC 155.45+3.0%Nov 25 3:59 PM EST

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To: PATRICK MCMONIGLE who wrote (7781)11/21/1997 6:10:00 PM
From: Johnathan C. Doe  Read Replies (1) of 11057
 
I think that if AMAT hits $30 again, it is a must to pick up. I watched AMAT and thought about buying it several times and didn't and missed a nice run up in that this time around. It might not even drop back to $30 again.

I am kind of thinking that the techs will have a run up for a while till the end of the year and maybe into the first part of '98 and then start tanking again. I plan on cashing in on any big profits I make off my current portfolio that is made up of buys on the low day in most of the techs recently. I think techs are going to go through a slowdown period once again. Longterm techs are where it is at, but they must be traded, not held long to make any real money in them. Not day trading, but period or cycle trading. 3 to 6 month horizons from a buy date, 8 tops. Techs are not good held long after they have run up alot.
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