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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Seconds Out who wrote (9737)	8/16/2001 2:12:55 PM
From: Thotdoc	Respond to of 10081

Probably, it's just about the lack of revenues and cash. The voice in the car situation is still very fluid, though we will probably be there in the end. I read once that the foundations for fortunes were made during bear markets. As we go through this time, I see that this statement is so true. I'm studying more now, than ever before, about what to buy in each sector. It really feels like now, in these doldrums is when to buy. I don't worry so much about always getting the lowest price, because I'll never time that one. But, for instance, if CIEN is a good company and if it will go forward, now is the time to begin to buy in and keep buying. I try to get 500 shares of each company I'm interested in and hold it to that, unless it is a winner like GMGC where I've swerved drunkinly from the plan in retrospect. I have a lot more in ELON, ORCL, and others that split in the last run-up, and that's where I became comfortable with the strategy of 500 and let it ride and split or sell if something that I missed in my DD emerges. But 500 at a time at these prices broadens my exposure and I can hold as many companies as I can afford and am interested in. There is no reason for any tech stocks to go up at this point. Perhaps I should diversify from tech, but I love it so.They will likely continue down as the year goes on. But, new opportunities appear daily, as CIEN today, and BEAS recently. I'm holding off on CIEN one as I believe that it will go lower yet, and adding to BEAS. Best, G