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

To: Sweet Ol who wrote (13215)	4/11/2002 11:35:48 AM
From: Think4Yourself	Respond to of 23153

I agree that the days of monstrous tech growth are over but think perhaps you have overstated the replacement only market. The rest of the world is not saturated with tech. Additionally, new ideas for products will almost all include technology products. We have color wireless phones coming out, along with true wireless modems becoming practical starting in July when Sprint PCS turns on the first phase of it's 3G network (can't wait for this one). There are many other markets that will open up in coming years, limited only by man's imagination. I continue to believe tech (but not necessarily telecom) and drugs/biotech are the places to be for a forward looking investor (as opposed to short term trader). I am loving the near panic to dump tech and biotech right now. To me these are the only real games in town. There are some unusually good deals right now for the patient who don't want to play the market every day. I just picked up an entry position in DNA for what will probably be considered a dirt cheap price in 5 years. Will add more if it continues to sell off. Have bought SGP, BMY, AMGN, and IMCL in the past few months as short term news has caused holders of each to panic and dump. VERY happy to own all of them and most are already up nicely as folks have "reconsidered" the future of the various industries/sectors. Where do you want to be when sentiment changes and/or the corporate pursestrings loosen? There is a lot of cash sloshing around out there waiting for a signal and a lot of large short positions being held by folks thinking short term. Just my $.02 worth

To: Sweet Ol who wrote (13215)	4/11/2002 11:41:02 AM
From: Sharp_End_Of_Drill	Respond to of 23153

JRH, >>>I think we need to examine what made tech such great investments in the past. It was primarily the growth of computers and allied products (software, networks, etc.). It was a brand new market that was growing at hugh percentages. But today the market is pretty well saturated in all areas. It is pretty much a replacement market with new growth that is proportional to the growth of the economy. <<< Let's not forget one of the key drivers of the late 90's boom - a good old fashioned dose of book cookin' accounting. Sharp