Will you buy some FORE if it breaks down today?
Not me! Maybe those with sounder minds and stronger stomachs. Too much gloom and doom coming from the techs. Lots of examples what may happen in too many areas:
Boxmakers - Michael Dell selling a ton of stock. Forecasted slowdown in sales, and reduction in prices. examples CPQ, MUEI.
Software - Concerns about Y2K (they're using that excuse for everything). Everything getting trashed, most recently CA but look at PSFT, SAP, BAANF, MANU.
Networkers - Can anyone beat out CSCO and LU? Questions about competition and the big interruption for the next 9 months, Y2K!. Will COMS recover? Which direction will CSCO head from here?
The Internet stocks seem to keep booming, but opposed to dragging the rest of the market up, they will probably only serve to drag it down when they collapse.
FORE may seem tempting in the 12s, but what have they done recently to give any indication they have some adequate plan to grow the company?
Even the release yesterday about Iceland didn't give one the iimpression that they had bought FORE equipment because it was good, but rather because they had swallowed FORE's "Pioneers of ATM" and "Networks of Steel" sales pitch.
I'm about even money with the shares I hold, and I got enough crap in the air right now. Good luck to those who take advantage of these prices....
jas. |
