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To: ItsAllCyclical who wrote (64447)4/13/2000 12:27:00 AM
From: ItsAllCyclical  Respond to of 95453
 
More on techs and the market (article from CNNfn)

?Tech stocks clearly have been way out of line for a little while now,? said Ned Riley, chief investment strategist at State Street Global Advisors. ?What this is doing is restoring some order to the universe and some confidence in the older investor toward the notion that there is some rationality back in the marketplace. ? This could bring in some money that has been sitting on the sidelines waiting for that bubble to deflate.?

msnbc.com

Talks about this correction as being very healthy. I agree I don't think we're going to have a market meltdown here. There are too many great value plays to rotate into.

BTW - For what's it's worth I don't see myself putting more than 30% in techs and it'll be very selective. I plan on selling most of that on any bounce.

I looked at some of the cash poor plays I recommended potentially for a bounce play (B2B), but after seeing how fast some will run out of cash I don't think I would play any unless I was daytrading them.