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Technology Stocks : BLUE WAVE SYSTEMS-BWSI A comer in telecom -- Ignore unavailable to you. Want to Upgrade?

To: Christopher Brainard who wrote (155)	2/26/2001 11:47:48 AM
From: John F Beule	Respond to of 170

Actually from where I sit, general manufacturing looks pretty promising. It's the high tech arena that is singled out in this downturn. My opinion is that non-tech companies that are hurting, are hurting from poor money (derivitive)management, and not the general state of the economy. High tech, on the other hand is feeling heat from not only "it's" economy, but short sellers.....and it is not doing anyone any good to fight the tape at this juncture. That said, the LTB&H strategy is coming into vogue as we speak because market timing at these levels is impossible (if you're a buyer). Just as fast as the economy "seemed" to have nose-dived, it will "seem" to revive itself. At this point it is all a matter of perception that is causing the demise of the market, and it will be this same perception that will make it turn. Last week's 'Fortune' mag was an interesting look at day-trading. Reading it, I couldn't help but feel it is the modern-day version of drug dealing. There still is a "cleaning out" process going on. Well-run companies will become the next market leaders after this bloodbath has ended. All IMVHO, John