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.

Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (12280)	3/17/2001 1:22:38 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 22706

That was a cool post, unclewest. SI felt the same way about it. You're famous, again. cuf

To: unclewest who wrote (12280)	3/18/2001 7:50:02 PM
From: David Lee Smith	Read Replies (1) \| Respond to of 22706

Excellent post. A ray of light in the darkness. Techs got ahead of themselves. I still think we're due for a bounce of at least 10% near-term while the market figures out if we're really half way. The bounce will come in the techs and telecoms and general market before month end. I predict the oppositie of consensus. Consensus expects money managers to sell their tech holdings and raise cash by quarter-end for window dressing to show their clients they're underweighted in tech. I think the next two weeks will be very strong for tech instead, with managers actually using cash on the sidelines to increase their holdings. They must because if we are half way through the recession, they won't have a second chance. April through May will be the test...if we don't see light out of a recession, these stocks will sell-off again. Otherwise, now is the last chance to get in cheap.