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Technology Stocks : FSII - The Worst is Over?
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To: H James Morris who wrote (1856)4/3/1998 1:19:00 PM
From: Kent Sarikaya  Read Replies (1) of 2754
 
Hey guys take a look at some of the P/E's of those hot internet stocks and the bottom lines. they are all unimaginably off norms for the most part and money is and has been flowing into them.

I think the market will begin pouring money into techs no matter what again at the late second half of this year. The three year cycle officially is due then<g>.

Joe has pointed out and I am sure we all remember how at the peak of the last cycle the analysts were all thumbs up on almost any technology stock. So it wouldn't surprise me if they are mostly all thumbs down now.

Maybe this weeks buying, are those guys who have been in the market a long time and have been through these 3 year cycles a few times. They might be taking early positions?
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