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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (60039)	5/1/2002 4:55:05 PM
From: Softechie	Read Replies (2) \| Respond to of 99280

<bAll the Wheels Are Coming Off the Tech Wagon By James J. Cramer 05/01/2002 14:58 -------------------------------------------------------------------------------- Now we're finally getting the great unraveling. Now with Sun Microsystems SUNW down so low you can hardly see it. Now with Oracle ORCL coming under $10 and going lower. Now with EMC EMC struggling to stay above $8. Now with WorldCom WCOM pulling a disappearing act. Now with JDS Uniphase JDSU threatening to be a $3 stock. Now with Corning GLW unabashedly struggling to stay above $6 and Nortel NT trying to maintain $3. Now it's finally becoming clear to all of those mindless tech bulls that it is really coming apart. People who said they couldn't sell these stocks because they had to come back are now thinking "Hmm, OK. Maybe not." People who think that these companies are about to become the new leaders again are being revealed as charlatans. People who recommend these stocks on television have become cartoon characters. And it's not over. These stocks still can't keep up with their shrinking earnings. Their multiples are still increasing as their stocks come in. What a nightmare. What an avoidable nightmare. Yesterday, on my radio show , Jim Cramer's RealMoney Radio , I had this terrific woman caller who had a portfolio that read like that first paragraph. I told her it was not too late to sell. Right. I think that people who see the papers Thursday and see that there are tons of stocks that are going up, are going to recognize that it's never too late to diversify away from total tech. (And if you don't think you can, email Radio.Feedback@thestreet.com or play "Am I Diversified?" this afternoon on the radio show.) Look, you will know when the bloodletting is over. You will know it when we don't incessantly hear about these same 10 or so stocks and their overvalued cohorts every day on TV. That will be the ultimate tell. Judging by today, it hasn't dawned on them yet. Yuck! Random musings: Here's an unsolicited email from a reader, EG, who liked my note about RealMoney Pro and subscribed: In light of your recent posts talking about Doug Kass and RealMoney Pro , I'd like to make a comment: This product is not valuable only for professionals! It is also great for investors like me who want to hear things from the pros. And I must say I love it when Doug and you do not agree. It just shows how independent you guys are. What made me decide to buy an annual subscription to such an expensive product? Very simple: In a few days of my trial, I saved three times the annual subscription price by executing trades based on the information that I read there. So it is without hesitation that I subscribed (along with ActionAlerts PLUS , Chartman , Turnaround Report and Value Investor !) Thanks, thanks for such a quality Web site. You guys are the best. And nobody does a better job than Jim Cramer at explaining what 's going on. You know I can't make this stuff up. At a time when Eliot Spitzer is revealing the problems of typical Wall Street research, filled with conflicts about whether it is even meant to make money for you or not, we can be there to fill the void with quality and honesty. Thanks EG! ... I like the auto parts companies off this General Motors GM , too, particularly Visteon VC , Delphi DPH and Lear LEA . --------------------------------------------------------------------------------