SAP A.G. Message Board - Msg: 5631427

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Technology Stocks : SAP A.G.

SAP 253.28

-0.4%

3:59 PM EST

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To: Paul Shread who wrote (2420)	8/31/1998 12:05:00 PM
From: mauser96	Read Replies (2) of 3424

OTOTOT...Paul,I lightened up quite a bit a couple of weeks ago, and sold a bit more on the sucker rally early this morning. Of course if I had been really smart I would have sold everything because I can get them a lot cheaper now. Nevertheless I have a big cash position available to take advantage of bargains. I believe that this is a cyclical bear inside an intact secular bull market. It's long overdue and will be a good for the markets in the long run.I also think that it will be fairly short-certainly it can't keep going down at this rate for a long period. At the present rate of collapse the NASDAQ will be at zero in less than 6 months. I will probably start some dollar averaging in, or maybe wait for some climactic event. The big liquid stocks are being sold by mutual finds to raise cash, but they will also be the ones they buy back first. good luck (we all may need it)

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