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Technology Stocks : FSII - The Worst is Over?

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To: Joe Dancy who wrote (2056)7/2/1998 2:26:00 PM
From: Kent Sarikaya  Read Replies (1) of 2754
 
Joe, another great article. I agree these stocks are cheap. That's why I have bought and they have fallen:)

Now they seem really cheap, but I think another correction is coming and like you said it's gotta effect everything. Even if many of these stocks just stay flat. There is going to be the summer rally after the holiday. Then the correction in Fall, mid Sept. to late October.

I wonder how much that rule change where firms can't make as much off of small caps is effecting them being pushed? Sometimes little things like that really have a strange effect. Remember the luxury tax?

Still it is just a handfull of stocks that are leading the markets up and not a good sign in my opinion. Yes I agree whole heartedly that the stocks we track and Don does such a fine job of maintaining for us, are going to do really very well for a few years. But that date for the start keeps getting pushed back and the support levels for these companies start dropping.

I think with this summer rally, many stocks will rise slightly... some more than others. That will be the cushion for our stocks, when the correction happens. We will dip down to present prices again in the Fall and only start up after the New Year. Not all of these stocks are going to move at first either. It's like some people getting colds, others the 3 dya flu and others the 2 week flu. I think our stocks are going to fall into groups like that by next summer. I think they will all move by then, but at different amounts as the Asian Bug effects them.
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