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Technology Stocks : Adaptec (ADPT)
ADPT 14.09-0.4%Nov 14 9:30 AM EST
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To: Short A. Few who wrote (2218)5/15/1998 6:22:00 PM
From: Johnathan C. Doe  Read Replies (4) of 5944
 
I think we are going to be seeing the institutions getting out of most of the techs over the shortterm. I think we are just beginning to see the selloff that will go on for some time. This was a really ugly day in the techs and only the beginning. This is not buying time in the techs. This is a great time to either short the ones that have made huge runups or sidelines time. Waiting for now is the best thing. I think we will see a lot of cheap stuff coming. We also won't be see any upside during this period, so it isn't a time to trade in the techs; not right now. Bargin hunting on an issue by issue basis will be best. If we get a rolling correction and buy the bargins at the start, that yields amazing profits. My efforts at the moment are to put together a list of companies that are worth grabbing up at cheap prices. Care to participate in a list?

I am watching VNTV, COMS, PAIR, FORE, AFCI, QLGC, CUBE; just to throw out a few of them. The ones that will be best had are the ones that have not been in the doghouse all along and how momentum behind them during the bull runs. COMS and PAIR don't fit this of course. In the list above VNTV is my favorite if it were to come down to $20.
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