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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (755)	3/29/2000 10:05:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 2850

My fear and loathing level got pretty high today...usually a strong indicator that the bottom is nigh.

To: wlheatmoon who wrote (755)	3/29/2000 10:22:00 PM
From: Original Mad Dog	Read Replies (1) \| Respond to of 2850

i have a feeling folks are leaving the nasdaq for more solid ground.... I'm not great at this game of figuring out what everybody else is afraid of, but for myself, I am less worried by this selloff than of most of the others. The BTD's have been so dependable that they become self-fulfilling prophecies as long as there is enough money available to flow into the market. First two weeks of April often supply that money flow (IRA's), but this year is a little different in that there are some ferocious tax bills due, especially since you get no penalty for paying last year's tax and saving the rest for April 15. So in terms of money flow it may not be as strong as April can be, but I believe that the Naz may experience a record up day, maybe two, between now and mid-April. And I think Friday may be one of those days, barring some goofy economic report breathlessly reported that morning on CNBC. A prognosticator I have found most dependable (and entertaining) thinks the rally will start tomorrow: messages.clubs.yahoo.com messages.clubs.yahoo.com As for rotation out of techs, I think the average tech investor would die of boredom buying PG and its ilk. They may leave temporarily, but they'll be back. Or they'll do what I did three weeks back: they'll buy an old economy stock which seems poised to capitalize on the savings and efficiencies provided by the new economy. I chose HON for that play, but there are plenty of other choices out there too. I just don't think you will see tech investors totally abandon the sector, overnight, for companies like that. JMHO, MAD DOG P.S. I bought SLAB yesterday (at 90) and CIEN today (at 132), so I'm not ready to abandon techs just yet.