Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (124645)	9/24/2000 6:47:24 PM
From: tejek	Read Replies (1) \| Respond to of 1570498

Yes. That doesn't mean that the "market" or tech sector (the tech sector is pretty much the NASDAQ "market" while the DOW "market" is something different - they don't always move together) won't head down further in the next few weeks. Maybe techs will head lower after the earnings release period. The technical indicators show the market in a trading range, with the leadership tech sector bouncing between resistance an support levels and unable to make new highs. I doubt we will see new highs in the tech sector before early next year. I guess I see a market capitulation as an event where there is panic in the streets. There was little bit of that on Thurs. afternoon but not a lot. However on Friday it looked like the markets were saying we've gone down as far as we plan to on this leg. I thought it was impressive in light of Intel's preannouncement. The big growth is everything mantra has given way a little. Don't get me wrong, growth is still king but when many tech stocks are trading at polyana best world, five year from now valuations, boring stocks with miserable 15%-30% sales and earnings growth start looking like a pretty good relative risk/reward - particularly in these volatile times. Forget value stocks, there are still a lot of small caps tech with good growth rates that are undervalued. I find a couple of new ones about every two weeks.....of course they don't have the proven track records of the mid-cap and large cap stocks. ted