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Technology Stocks : INVX Innovex Comdex Winner !!
INVX 21.88-0.8%Dec 31 3:59 PM EST
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To: Art Baer who wrote (1870)12/13/1997 12:31:00 AM
From: Dan Woodbury  Read Replies (2) of 3029
 
Obviously, we are now entering the bust half of the boom-bust cycle. One side of me would like INVX to quickly rebound, the other half is salivating at the possibility of the stock dropping lower - and getting so much cheaper.

Just as the greed can drive stock valuations sky high, fear can drive them into the ground. With so much uncertainty in the world economy, I doubt anyone can pinpoint what the true value of INVX's business is. Thus we have fear driving the stock lower and lower until a majority of investors steps in to buy shares. That could happen Monday morning at $19. It might not happen until December 31 at $14.

I do believe we will see irrational dumping of tech stocks in the next 3 weeks as investors take tax losses. Consequently, despite what the experts have said, we will have a January effect.
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