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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (45109)	9/8/2001 7:24:51 PM
From: Kevin Rose	Read Replies (1) \| Respond to of 64865

I believe that the extremes of the market are marked by two sets of individuals: the 'throw in the towel' group, and the 'gloaters'. At the top, the bulls were the gloaters as the bears threw in the towel. Now, it seems we are at the opposite end. We may have one more dramatic heart-in-the-throat drop, followed by dragging the anchor, before the sun breaks through. All you 'bear gloaters'; beware falling into the same trapped mindset as the previous generation of 'bull gloaters'.

To: uu who wrote (45109)	9/8/2001 7:37:55 PM
From: sea_biscuit	Respond to of 64865

How nice it is for you two to be right once after so many years of being so wrong. What do you mean -- "wrong" ? I was substantially invested during the bull-market (not in individual tech stocks, but in large-cap index funds and similar clones). Unlike you, I thought that 25% plus annual returns over 5 years was abnormal and, when they started writing books about how even the homeless can make a million in the stock-market by dollar-cost averaging (well, not exactly, but they almost got there), I went mostly into cash. I got completely out of my tech funds in Q1 2000 and sold out my fairly large position in LSI by the middle of last year. So who was wrong?? And do not become so euphoric in your gains (as I along with so many other longs became in March of 2000) not to take profits at the peak. And you are telling me about it! This is funny. That is what this is. When you said that the tech stocks are undervalued in April 2000, I asked you a simple question -- how can those stocks be undervalued when everybody's grandmother wants to get in? And you had no answer. So who was euphoric? You? Or me? Nasdq going to 500? So be it. I will average down all the way to Nasdaq 500 for which I know it will see 10,000 someday - perhaps not this year, or next year, or the following year, but sometime during the next 15 years - and it "will happen" during the next 15 years. Well, there's some dude out there (Harry Dent? Or George Gilder?) who predicts it will be 35,000 or 45,000 by 2008. I don't know what he's been smoking but there you have it! And you are saying 10,000 by the year 2016. Damn, you are such a pessimist! <g>

To: uu who wrote (45109)	9/8/2001 9:07:39 PM
From: sea_biscuit	Respond to of 64865

Btw, Addi, your portfolio siliconinvestor.com is underperforming IWN siliconinvestor.com By the time the bear is done, I expect only two of your picks to be in double-digits (MSFT and INTC). And I am not all that sure about the latter. It's now selling at 6 times sales. But the earnings growth rate now is lower than what it was a few years ago, when it sold at just 3 times sales -- so, a lot of room to fall there. And also, the fact that even IWN has notched a 5% loss in the meantime, is ominous. If IWN loses 25% or 30% from the time I picked it (on 08/21/2001, as a benchmark for your picks on the same date), then I guarantee you that we will be in, or on the verge of, a severe recession.