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To: ItsAllCyclical who wrote (82271)	12/21/2000 3:57:09 AM
From: cnyndwllr	Read Replies (1) \| Respond to of 95453

JimL. I said "long term." I should have said a year or more out. I agree about the next 3-9 months, that's why I posed the questions. I'm hoping someone will tell me that I am viewing this too simplistically and straighten me out and send me on a profitable track to riches, RICHES, RICHES. Whoops, greed started to get to me there. Seriously, I would like to know the thinking of others on this and the markers they are looking at to know when to jump. I tend to go by feel and that has worked fine for me but I don't have the experience with this type of nasdaq action to feel comfortable making the kind of bet I would like to make, without at least getting the benefit of other opinions. Thanks, Ed

To: ItsAllCyclical who wrote (82271)	12/21/2000 6:54:46 AM
From: jim_p	Respond to of 95453

JimL, Most of the bad news is already built into the tech stock prices. I would rather buy a growth company selling at 5-10 times earnings, which may go from 20% growth to 0 growth for a few quarters than a BHI selling at 30 times what may be near peak earnings. The one thing not mentioned on this board is the record amount of cash sitting on the side lines waiting to buy back in. I don't think it's sitting there waiting to buy back into the patch? When companies like INTC and MU go up on earnings disappointments, it's time to buy tech not sell it. It may not be the absolute bottom, but the bottom is very near and if you wait for the bottom you'll never buy. The time to avoid the tech's was when the stocks fell 30-40% in one day after missing their earnings by $.01 per share, not when the stock go up on bad news. Bought half positions in CDO, MU, NVLS, AMAT, NITE, ISSI, MOT and WCOM all near their lows yesterday. Also bought KEG, PKD, FGH, RDC and PGO yesterday. Now 50% oil, 25% tech, and 25% cash. Soon to be 50% oil and 50% tech, and no gold. Jim