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Technology Stocks : FSII - The Worst is Over?
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To: Joe Dancy who wrote (1650)12/15/1997 2:36:00 PM
From: Kent Sarikaya  Read Replies (2) of 2754
 
Joe, I agree with what you say, but it is getting hard to take. Just when you think it can't go any lower boom another drop. Here is part of a post from the NANO thread I thought was a good point by the poster...
...About the earnings estimates, what can I say ? Look at EFII: it had 4 strong buys (out of
4; one from "our" Prudential guys). And then in one day it plunged over 60% !!!
About the semis sector: last weekend it was a very bullish article in IBD with the CEO
of AMAT. 1998 seems to be a very strong year for the sector.
It seems to me that the most famous market analysts (as Capiello, Stovall, Zweig, even
Lynch, but he openly admits it), have great difficulties in comprehending the technology
sector. Their knowledge does not go further than Walmart or Sears. Unfortunately, they
make the calls in the market. I would rather go with The Motley Fool. They are the
Future.
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