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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Zebra 365 who wrote (15070)4/19/1998 7:23:00 PM
From: Money Mood  Read Replies (2) of 31646
 
Market Correction concerns:

I believe that correction is imminent within next 2 months. The DOW may easily shed 400 - 600 points, more with "help" of Japan. But I also believe that it will be short-lived because of: 1)the overall strength of economy and excellent expectations for the rest of the year; 2)general bullishness of the market. I know that many brokers and individual investors now are waiting for this correction and cherish it as a buying opportunity - they will step in at the first signs of bottom. Last week a friend of mine sent a check to her mutual fund broker and he strongly recommended to wait for the market dip as it is the current policy of the brokerage house.

Now a little of my own experience dating back to the Asian Flu time. Those stocks that had been showing strength before the correction or were uptrending with improving fundamentals returned to their trends very fast. As an example you may want to take a look at RADAF's chart (see below) from mid-October (when I bought it) to mid-December 97. When the Honk Kong crises burst out the stock price plummeted from above $15 to below $10 (It's important to know for this matter that Radica is a Bermuda company based in Honk Kong - and you can imagine what happened to All Honk Kong-related companies.) But then it came back strongly to its trend and touched $19 1.5 months later. This was a tremendous buying opportunity for those who knew company's fundamentals - many others sold in a hurry and missed it.

RADAF's weekly chart:
iqc.com

So I remain bullish and intend to stand fast through the coming correction. Will try to buy a little more in a dip.

Viktor.

P.S. Just thought that maybe my comparison of Honk Kong crisis and regular market corrections is not correct, maybe they are different in nature. Correct me if this is true, please.
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