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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (19248)	2/21/2001 6:59:37 PM
From: Road Walker	Read Replies (1) \| Respond to of 60323

Fallope, Do you want the Treasury Secretary yelling "FIRE" in a crowded theater? John

To: puborectalis who wrote (19248)	2/22/2001 5:02:36 AM
From: Craig Freeman	Read Replies (2) \| Respond to of 60323

Fallope, there is no "tech recession". What you are seeing is a repricing action. Semis have been repriced to yield about 10%. Not that any of this makes any sense while the Fed is lowering interest rates but it is a fact. Check all the 2nd tier semis such as SSTI, CY, etc. and they are all at a P/E of ~10.3 Check INTC or any other superpower semi and they are now at 2x that. The superminds that run the markets and have billions to play with have decided. For today, tech stocks will be underpriced. If they wake up in the morning and decide differently, you will be among the last to know. And you will not be alone. I worked my arse off beating the NASD all of last year by a huge margin and still managed to lose major money. Never forget that everyone except you makes money when you buy or sell. It is in everyone's interest except yours that you buy or sell something just as often as they can get you to do same. For obvious reasons, it is in your best interest to do nothing and wait. Patience is golden. Everyone else seeks silver. If Jesus died for a few pieces of silver, what chance do you have? My advice: wait for the gold. Craig