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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (22710)	4/14/2000 4:56:00 AM
From: Bruce Brown	Respond to of 54805

RE: Qualcomm, JDS Uniphase and Microsoft As usual, in my haste, I forgot to add this link: smartmoney.com Here are a few highlights: ===== In fact, Battipaglia now says the Nasdaq is oversold, and he'd be buying tech stocks. He still forecasts that the Nasdaq will end the year trading at 5500. That's an increase of nearly 50% from here. Remember, he says, the Nasdaq shot up for 15 straight months. And it soared 24% just from the beginning of the year through March 10. Battipaglia says the historical pattern for the Nasdaq after such a run is for a sharp reversal. "This is no difference," he says. "In the end the correction should be justified as washing out speculative excess." And for investors who have some new money to put into the market, Battipaglia is recommending some large-cap tech names. "Microsoft (MSFT) has become cheap," he says. "I would get in there and buy these quality names. I'm not afraid of a Qualcomm (QCOM) and JDS Uniphase (JDSU)." ===== BB