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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: Yaacov who wrote (39832)12/29/2000 2:02:51 PM
From: techtonicbull  Read Replies (1) | Respond to of 64865
 
Look Yaacov, this is the tail-end of the worst year suffered by the tech stocks since the creation of the NASDAQ, so naturally both money managers and clients want absolutely, I mean ABSOLUTELY, nothing to do with technology. IT'S NO GOOD!

Now, here comes the new year. Tax selling is over. Fund managers have to decide on stock selection in the growth mutual funds, and uncle Alan sits down and looks at the abysmal retail number, worse car sales numbers, personal spending number, sentiment numbers and ...... the shorts cover because its over (they don't want to go into the week-end and get caught with their "SHORTS DOWN" on Monday)

So HANG IN THERE YAACOV!

So like Warren Buffet is bottom fishing for junk bonds and value stocks (he will not touch tech's) there will be many others who will be bottom fishing for the next best tech stock. And you know as well as I know that it's not going to be Webvan or Martha Stewart or CMGI or ICGE but it gonna be SUN MICRO, EMC ORCL CSCO etc. The blue chip ones. NATURALLY.