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


To: Warpfactor who wrote (5514)6/28/2001 12:08:28 PM
From: Razorbak  Read Replies (1) | Respond to of 23153
 
Mister Softie

A friend of mine has 100,000 shares of Microsoft. Needless to say, he's a very happy camper today. <gg>

Razor



To: Warpfactor who wrote (5514)6/28/2001 12:28:45 PM
From: Think4Yourself  Respond to of 23153
 
You are right, today is not a good day to be short tech. Am using the opportunity to change from shorting some solid companies to shorting some POS companies during this indiscriminate buying period. The folks with cash are buying anything tech today.



To: Warpfactor who wrote (5514)6/28/2001 12:58:54 PM
From: energyplay  Read Replies (1) | Respond to of 23153
 
Cramer's ulterior motive - If he saves you some money you'll subscribe to TheStreet.com

Most mutual funds are still heavy in tech. Tech has long term structual problems of 1) way too much capacity built for the bubble economy, 2) Near term lack of demand and 3) Stock valuations based bubble economy unit volumes and prices.

The Feds actions, lower energy prices, etc. will get item 2) back in a year to 18 months. The over capacity make take years to fix in some sectors. The valuations will come down some more, and the mutual fund redemption cycle will start.

Most people don't follow markets everyday like we do on these boards, especially if they are in 401(k) and IRA type plans. Some plans only allow you to change once a month.

So if there's a big drop in September, this is a useful warning for many people.