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Technology Stocks : Compaq
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To: MarkM who wrote (30706)8/8/1998 11:15:00 PM
From: Merlo  Read Replies (1) of 97611
 
As the one who said the market was overbought several days before the
big down turn and several days later said "this is not a bear market
be buying more CPQ and several other stocks". Now I'm going to
say it again, there can be no bear market unless the internet stocks
and CSCO correct first. We will have several more corrections
because of all the technical damage some stocks suffered in the
last correction. If I see the internet stocks taking a beating then
I'd be worried. With Internet stocks sporting PE's of 300 to 1000
and near their all high's how can this be a bear market don't
make sense. The internet stocks are now considered the Bell weather
of this market as crazy as it may seem.
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