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.

Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1850)	1/2/2001 4:56:22 PM
From: David W. Taylor	Respond to of 2013

Good advice, Michael. From now on, let's try to stick to CNXT. As for when to buy, I have no real answer. CNXT is caught in the bigger downdraft of all things tech. At this point at $12 and change, this stock is now in the sane area. The trouble is, catching falling knives is a very wet and messy business. More money by orders of magnitude was lost AFTER the crash in 1929, while people tried to pick the bottom. If I am any indicator at all, then start buying. I recently bought some stock for the first time in two years. I may have mentioned Sonic Solutions (SNIC) before. When I got in at $4, I was trying to catch a bottom. It has touched 1.25 recently, so I am back out. The other stock that I think represents value right now is American Power Conversion Corp (APCC). Less than a month ago I bought a fairly substantial stake at $13.25. A lot more than $0.15 worth! It immediately tanked. It has recently recovered to $12.5 only to fall again today along with everything else. My stop for APCC is $8. I wouldn't touch CNXT as long as the momentum boys are manipulating it. They will run away to lick their wounds eventually. Until then it is impossible to put a real price on CNXT. Their stupid "spinoff" really clouds the issue. SNIC is a value takeover target. Their software was used by EMI to process the new Beatles 1 CD and it sounds fabulous. APCC is a play on California's silly, pointless, political energy "crisis." Both of these picks have boards on SI. These are not recommendations to buy. Make your own decisions.

To: The Ox who wrote (1850)	1/2/2001 5:24:29 PM
From: MeDroogies	Read Replies (2) \| Respond to of 2013

There is an old rule of thumb: don't bet on the stock that was the big gainer last year, and don't count out the one that was the big loser. I wouldn't trust David, despite his prescient call, because he was wrong for some time LONG before the stock hit his number. He had been short through the 2 years of a heavy bull market and he was ONLY right on CNXT AFTER 10 months of crying wolf....so his record isn't so hot. I think CNXT is an even better bet at these levels than ever before, and have continued to buy more with my ORCL gains. Once again, despite the media's attempts to make this look like a dead tech market, and to make the economy look like it is dying....both are still in solid shape. The problem was 2 fold: there WAS a slowdown, but it wasn't too bad, and forward estimates got too optimistic. That doesn't mean there is trouble. It means that when times are good, people think they'll go on forever. Thing is, you'll see this economy snap out in no time. BTW, David's calls for increasing energy prices have been wrong since I put him on ignore. They are barely changed since he and I first discussed them back then. So, don't count on energy to push this economy over the brink (like Qaddafi is calling for), it just won't happen.