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

To: Z Analyzer who wrote (1756)	4/15/2000 11:34:00 AM
From: Sarmad Y. Hermiz	Respond to of 1989

>> The weekly loss for the most aggressive funds must well exceed 25%. Prior to Friday's 600 pointer, the aggressive funds such as PBHG had dropped over 50% from the March high. I guess it is 60 or 70% now. >> Perhaps people decide they are too cheap to sell while if they went down 5% each week, they would have time to get discouraged. I vote for either flat NASDAQ or slow decline after next week. The source of NASDAQ down pressure will be the many dot com companies running out of cash and closing shop. Their stock value is gradually going to zero. Just to comfort you a little, look at the charts of EELN, IVIL, SLAB, PALM, ETYS, EFAX, NTBK, INTM, VERT, WEBM. Yogi could recite a couple hundred more that the clever investor could have got into, made a killing and exited before the crowd. I don't know how to interpret this. But investors added $150 Billion to their fund portfolios in the first Q. Now all that money is disappeared from their accounts and with it at least another $150 B from earlier contributions (or gains). My feeling is that there will not be net withdrawals (into cash). I expect new fund in-flows to slow down and be directed to value stocks. I always considered the return to rationality to be a two-step process, much like a return to the path of virtue. 1- a realization that momentum investing is stupid. That would only happen when the people who do it reap their just reward (bankruptcy). 2- repentence and determination to walk the path of truth, justice and the value way. That remains to be seen. I think #1 is hapenning now. #2 is probably just a dream, especially in regards to disk drives. -Sarmad