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To: sea_biscuit who wrote (14960)8/15/2001 1:29:13 PM
From: Beobe  Read Replies (1) | Respond to of 42834
 
re:
The techs have a lot more to fall. As Skeeter said, the downside spiral will astonish the bulls as much as the upside spiral astonished the sane ones.
_________________

"When you think that you've lost everything,
You find out you can always lose a little more."

Bob Dylan (Trying to Get to Heaven).



To: sea_biscuit who wrote (14960)8/15/2001 2:39:32 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 42834
 
dipy, denver is hit hard...

rockymountainnews.com

i believe this situation will get worse. 20% of homes in a wealthy neighborhood are for sale? egads! my guess is a number of folks have to pay when they sell their home. home equity loans aren't free. anyway, we'll be seeing much more information like this in the coming years, imho.



To: sea_biscuit who wrote (14960)8/15/2001 3:42:54 PM
From: Kirk ©  Read Replies (2) | Respond to of 42834
 
The techs have a lot more to fall. As Skeeter said, the downside spiral will astonish the bulls as much as the upside spiral astonished the sane ones.

I don't think anyone knows where it will end. Many are already pretty astonished. It could get worse and it could be the bottom. skeeter is a resident bear and tends to predict the worst for everyone and thinks everyone is an idiot and deserves to lose money. Many are like that and they just tend to lean towards the bear side. Gives good balance to the Joe Battapaglia's of the World! :)

I just bought another small cap today selling below book value and price/sales of 1.5. IT is spending about 1/3 or revenue on R&D for a very hot area so I don't mind that the cash flow is not the best since it has zero debt.

I think if you start to look for bargains in areas you understand, or think you understand (watching my hubris level here...), then you can do well whenever the market recovers and have decent downside protection in the long term (short term, these bargains can get even cheaper...)

Kirk