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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (10328)	10/19/1999 8:40:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

MSFT story will star tomorrow just like DELL sucked today. The semi valuation correction however may continue some more because there is no large volume panic sell yet. The pain is not there, at least I don't feel it. I'm not selling what I have but will look to buy some more instead. I will sell TXCC first thing tomorrow to recoup some loss however. With the recent pattern, it is sell upon good news because small buyers have been buying with anticipation of good earning. Look at TXN, PMCS, VTSS... Tomorrow it could be tanking for RFMD, TXCC, GALT despite their overall decent earnings. Their valuations still remain too high. They are overvalued if forward PE is higher than forward growth rate. But with supports slowly showing up for these semi stocks, I think we are 10-15% from the bottom which may be triggered by an overall market selloff. But if this thing drags on for another 3 weeks with no major panic selling, then I would say a nice bottom is formed. A double bottom would be a bonus IMO. The risk of being out is greater than taking another 10-15% loss at this juncture. Despite all the fed fear talk, it will blow over and all the silly money will come back to drive up the premium (high growth) stocks in a big hurry. GALT is losing steam and its earning growth is not steller versus its peers. It also broke a major support today. I will stay away and let the dust settle on this one first. The put premium is there for a reason. My hunch is it goes to $18 in a few days. SEBL, MERQ and CLFY - all three recommendations from TraderDave four months ago have all gone up 150-200%. This is no small feat for a 1-2-3 stock pick punch. This guy is really good. My thanks go to him. Only wished I stayed with the stocks through this time. Only have MERQ left.