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Technology Stocks : FSII - The Worst is Over?
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To: H James Morris who wrote (2263)10/4/1998 9:25:00 AM
From: Joe Dancy   of 2754
 
Interesting that one of the guys I play hockey with - an auto mechanic - quit his job since he's made so much money intesting in Internet stocks. I still can't "pull the trigger" on companies selling at those multiples of price to sales, much less price to earnings.

Have to admit you have been right though - and even Barron's mentioned some seer saying that when someone predicted some stocks would take a hit a few months ago he would not have guessed it would be financial stocks, he would have picked the high flying Internet stocks. But they ramble on.

I did add to my position in Photronics this week on margin (PLAB) - but may have to wait a few years to see any return. Consolidation will happen sooner or later, or a recovery. Maybe both. Then we will see value come out.

Joe
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