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Technology Stocks : Symantec (SYMC) - What does it look like? -- Ignore unavailable to you. Want to Upgrade?


To: Wallace Rivers who wrote (1775)7/7/2000 12:44:23 PM
From: Sonny Bui  Read Replies (1) | Respond to of 2069
 
With the recent dips, SYMC has become the biggest portion in my portfolio. No need to be afraid. Hang in there, don't sell. Consider the followings:
1. Low PE ratio
2. #1 AntiVirus company. Viruses are becoming more widespread with the Internet
3. The prospect of being acquired by a bigger fish, probably IBM or even Intel
4. Good management. SYMC has refocused and gone after more lucrative markets (Internet related)
5. Excellent engineering force. I know quite a few good engineers there.
6. All analysts who follow SYMC rate it a buy or strong buy
7. It seems like (although I can't prove it) somebody purposely drives the stock down to buy it cheap and then will drive the stock up to sell it and then will repeat the whole process again.

With my experience, I think it's best not to panic but to hold on to the stocks that one has unless there are major changes in the market or in the company's fundamental.

Let's cross our fingers and look forward to the 80's!!!