Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: thebeach who wrote (30733)	10/8/1998 1:19:00 AM
From: J. P.	Read Replies (2) of 94695

<Naz will be strong today> Looks like we're having our semi annual "tech-wreck" on top of the already ravaged market. Microsoft and Dell have not yet fallen like the rest. Cisco and Lucent have taken their medicine. Compaq has been slapped back to reality. Don't think Yahoo with it's biscuit vapor earnings and a weak forward statement is gonna do it. I honestly think we have to wait until fourth quarter and indications of any pick up in earnings for first quarter to get a sustained snap back in the Nasdaq. We're hitting cyclical painful lows in semi's, networkers, disk drives, now PC's. So there are going to be some incredible opportunities after the hurricane has passed if you can keep your powder dry. I think there will be another wave down that, if you are fully invested, will make your knees buckle, and your eyes pop out!

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