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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Percival 917 who wrote (31745)	2/22/2001 2:41:54 PM
From: CAtechTrader	Read Replies (2) \| Respond to of 65232

I agree, a bottom may be at hand, but basing is needed before major upside can be sustained. There may be "news" inspired sharp rallies, but still a base is needed for a true "launch". Several stocks that are already in a "basing" mode are AMAT, INTC and QCOM, but those bases are not complete...yet, but are much further down the basing path than say JDSU or EXTR.

To: Percival 917 who wrote (31745)	2/22/2001 2:48:20 PM
From: SecularBull	Read Replies (1) \| Respond to of 65232

I don't expect a huge rally, but I do expect good tech to have a pretty solid and defined bounce. I follow NTAP very closely. Look at what is happening with it (and the rest of storage for that matter) after the BRCD-inspired sell-off this morning. This stock is not in a free-fall as some would suggest. I believe a base is formed, and NTAP could very easily move back through $40. At which point it would not be as good a buy given that it would be up 20% or more from where it is presently. On volatile issues, you have to be ahead of the heard, imho. Ed is right for the more conservative. If I had listened to him last year at this time, I would've not lost as much as I did. But then again, I would've never made nearly as much prior to that, either. LoF