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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (2287)	3/22/2001 10:32:21 PM
From: cnyndwllr	Respond to of 23153

Hi Warp. No apologies necessary. As you know, I haven't claimed this was "the" reversal, just that it felt like it was heading for and had formed "a" bottom. Hopefully more than a 1/2 day bottom. I posted that I was buying in the hours before the change of direction. There was no science to it, it just felt like things were likely to turn soon. The timing and force of the reversal surprised me. It is very interesting that the semi's are leading the charge so clearly here. One possible explanation could be intels latest statements that still indicate full cap expenditure funding. If this is a real and sustainable trend then I think this will be "the" reversal in techs, but it's hard to imagine that at this point without some consumer spending and declining inventory numbers to back it up. Despite that, as I've said before, I think that we are in tech country here at a level where if you are a buyer who can hold through a further fall, you won't have to fear that you will not recoup your losses and have some hefty gains over a period of months or maybe 1 year +. I imagine all of us have purchased stocks too soon, seen them fall to sickening depths and then seen them climb into the sky making genius' of us. That's sometimes the nice thing about averaging down; you end up with a lot more of a good stock than you ever would have bought otherwise. Ed