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To: Bill Harmond who wrote (7943)7/19/2001 10:04:08 AM
From: Wizard  Read Replies (1) | Respond to of 57684
 
>>In every bear market (excuse me Wiz, this is actually the Mother of sector rotations!) that I have experienced as an investor, 1974 vaguely, 1982, 1990, the market has anticipated a recovery.

And it will again. The tough part is trying to guess when the recovery actually recovers and then counting back 6 months.

I guess it isn't so important anymore as you can buy leading tech stocks at trough valuations. Most DCF's point to undervaluation at this point. Time to plug the nose and buy.



To: Bill Harmond who wrote (7943)7/19/2001 10:12:07 AM
From: Wizard  Read Replies (1) | Respond to of 57684
 
Smith Barney passing positive chatter on Cisco around... supposedly FLEX and SANM are seeing pick-up in biz from Cisco... and EXTR had very solid quarter, confirming this chatter... PMCS up, BRCM up-graded...