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

To: SecularBull who wrote (244)	4/20/2000 12:58:00 AM
From: The ChrisMeister	Read Replies (1) \| Respond to of 270

Any plans or thoughts on getting back in? I'm concerned that others have done the same thing as you with stocks like TGNT (and RNWK and many others) "which have no earnings", and that there's been a semi-permanent rotation out of `em. I hope everyone who was long a month ago got stopped out 15% or 25% off the highs and is now able to buy back their shares (and then some) at the much lower prices (which I know is not gonna be true for everyone). My supposition is that the money has just moved to the sidelines, since I can't see anything which is up a ton (ie, where the money went). Fortunately, I moved a lot into other areas (like oil) late last year -- way too soon as it turned out in most cases -- so I wasn't hurt the last month and am in fine shape for a little tech buying now that things have gone crazy in the other direction. Anyway, the growth in revenues for some of these spanking new companies is worth something, though the market has difficulty from time to time in sorting out what it is exactly. My guesstimate is that TGNT's value is closer to 50 or 60 than it is to 30, though we'll probably have to re-test the lows at some point. It'll be interesting to see how far this snap-back rally started on Monday takes us before it likely fails. (I've only mentioned RNWK a couple of times because the coincidence w/TGNT's stock action is so striking -- both had closing highs around the low 90's and both came down to within a half a dollar of 30 on Monday. Both hit 42 today. Instead of deciding on one or the other I went with a little of both, favoring TGNT 60/40 on the allocation because hardware is more fundamental than software, though both are in the broadband area generally.) * ChrisMeister