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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (12399)	4/12/2000 12:44:00 PM
From: Nichols	Read Replies (1) \| Respond to of 35685

Is it safe? (to post). If I'm a fund manager, I'm licking my chops right now. They are able to pick up some pretty amazing tech stocks (QCOM/CSCO & other certified G & Ks) on the cheap. Huge amounts of $$ still being pumped into these funds, and they will make their way into our favorite tech. stocks. It may start this afternoon or tomorrow or next week, but it will happen. This is gut wrenching time. The rebound will be as sweet as this this hit as been bitter. Hopefully, none of us are selling, and not many of us have gotten hit with a margin call.

To: Ruffian who wrote (12399)	4/12/2000 3:09:00 PM
From: aek2000	Respond to of 35685

really bright guy named Courtney Smith was interviewed he had many keen observations i dont understand technology all that well, but find it interesting i subscribe to his newsletter and find him right on with market turns he said many things you have to be in tech stocks, since it has the growth but he is negative on tech stocks for another month he points to "insane valution" on Cisco its price is 200 times LY eanrings, 140 times next yr in May he is adding to tech shares in his portolio the economy has begun to slow down already evidence is copper, lumber, housing, autos Federal resserve has 1 and at most 2 more rate hikes left the slower economy now justfies cicylicals and consumer stock buying but we need to take the froth out of the tech stocks he likes tech stocks, but not the bellwehters (like Cisco) he makes a big point about the transfomration of Old Economy stocks a case inpoint is GM the auto company Gm just finished instituting a procurement system on internet they expect to save 5%, or $138 billion, which is $3.20 per share, a 35% increase in earnigns he loves the business models of B2B internet software firms he hates the nutty valuation of B2B stocks he loves CMRC and ARBA in particular, but laughs at their valuations he will purchase both when they cheaper, if they get cheaper he distinghishes WalMart from Sears he calls WalMart a technology company, and Sears a retial company Smith had 85% techs, and 15% medical until early March he sold many of his tech holdings this guy is really quite good he expected a big tech rally last October throught February I dont purchase many tech stocks, but do you think now is a good time? wondering, aek