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Technology Stocks : Dell Technologies Inc.
DELL 127.22+3.8%Nov 24 3:59 PM EST
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To: Knighty Tin who wrote (103374)2/20/1999 11:27:00 PM
From: abraves  Read Replies (1) of 176387
 
MDB.... If there is a tech wreck, why do you believe that the techs won't come roaring back. I do agree that the techs will go down. It happens every time the MM's start pissing and moaning about PE's, breadth, and the ADL, just like last October.

But my original question is, do you believe the techs would come right back up just like October when a bunch of the techs were down 50%+ ? Remember the techs were the last to go down and the first to come back up to even higher levels than they were before.

My opinion is that what keeps a stock at a high PE is how the company performs. Even while they have high PE's they will go thru corrections. The only thing I think that would keep them from coming right back up is if they quit hitting the numbers....

<<The greater fools look smart for a while and then they start washing windows for a living. >>

This line I do not agree with maybe because the whole time I have been in the market, it has been a bull market with corrections. But if last October I would have sold all of my holdings at the very bottom, I would have still beat 90% of the MM's by a wide margin. I guess maybe I could have hired a few of them to wash my windows......
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