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Non-Tech : Invest / LTD
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To: SJS who wrote (7132)2/4/1999 10:57:00 AM
From: The Ox  Read Replies (2) of 14427
 
Hi S,
I am on the sidelines with MMCN at the moment. With the exception of PMCS, there is weakness throughout the entire sector. I will be watching for another dip before taking a position.

Now what I'm going to say here is strictly a hunch...so FWIW, I think there will be another sizable dip in this sector and possibly the market over the next couple of sessions. This will set up one more opportunity to jump in and buy the dip for a short, strong rally. After that, I think we will see a sustained period of correction. I am sticking with my previous prediction that the market will start to fall late in this month. I still don't see LT's BK, but I do think that a retreat of the Nasdaq below 2100 is a very strong possibility and that's my target for now.

Great call on CREE, TXCC looking attractive, will add more VTSS in the 47 area.

Thean, great call on CIEN's pop this AM. I hope you cashed out early as I think the overall market will be weak for a couple of days.

BWDIK??
Michael
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