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Technology Stocks : Tekelec -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (1481)	4/15/2000 12:56:00 PM
From: stock bull	Read Replies (1) \| Respond to of 1648

John, re:<<However, from a general market/economic standpoint....well.....yesterdays firestorm just shifted, imho, some important fundamentals into the negative category. It'll be some time before this changes, me thinks, so the loooong term view is a necessary predisposition to all investing.>> What "important fundamentals" are you referring too? I don't think a single CPI report, that is one data point, changes things very much. The Fed is still going to raise rates 25 basis points at a time, and they will slow down the economy. I for one think that Greenspan will accomplish his objective of creating a "soft landing". If any fundamentals have changed, I would say it's "investor sentiment". However, I still believe that we are going to see some very good earnings reports in the tech sector over the next few weeks. These reports my help boost investor confidence. However, I don't think we are going to see the market's "snap" back this time around. I believe we are going to go through a basing period. Then, a slow climb out of the hole. All in all, I think we will close out this year with positive returns in all the major indices. JMO Stock Bull

To: John Curtis who wrote (1481)	4/15/2000 2:34:00 PM
From: Bernard Levy	Read Replies (1) \| Respond to of 1648

Fleckenstein and David Tice are probably the two most worthless bears around. I still remember when in October 98 he was advising to stay out of techs until 2000, and to short Intel all the way down to $17.5 (on a split adjusted basis). Other bears have good investment ideas: Barton Biggs made tons of money for his clients when he advised to go into Japanese small caps in October 98, Michael Burke in spite of his crusty cynical rethoric is in fact one of the best investments pickers around (Japanese small caps at the bottom, oil and oil services in March 99, biotechs in late 98, ANCR when it was in low single digits), but Fleckenstein is totally clueless. His only investment advice last year has been silver and gold. I pity the poor folks who listened to him.