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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (128270)	2/24/2001 10:45:47 PM
From: Mani1	Respond to of 186894

Paul re << the time to buy is when everything looks the worst. (I've said this before at higher price levels for Intel !)>> I have been telling myself this for the past couple of weeks, but somehow I have been lucky to have resisted jumping back in stocks like NOK or DELL. (I do own some small amount of AMD). I missed most of the very quick ride back up after the Asian crisis, and I have a feeling that if there is going to be a quick recovery, I will most likely miss it also. I remember that after the Asian crisis, Michael Dell or McNealy were screaming that business will be just fine and they will continue to grow earnings. But this time around everyone is crying wolf. Also during the Asian crisis there was a lot of quick and fierce selling, this time I do not feel capitulation at all. It seems every sell off seem to get bought only to lose to even more selling. Also I have read a lot lately about the illiquidity in the market as well. NASDAQ 100 is still at PE of 50 with, and in some cases, earnings falling faster than the price. I guess you could argue that all this negativity means we are close to the bottom, but I have been waiting for people to throw the towel in and everyone seem to think that if they just hold on to these stock they will come back, and the economy will recover. I see less and less sign of that happening. What do you think? Mani