Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: paul_philp who wrote (60871)	5/2/2002 10:12:55 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

i am Mr. Devil's Advocate regards tech. i have read articles about there still being companies unpacking and deciding to use this stuff( even to learn how to). It is a fact that there was a copycat bonanza where corporations had it their head if they didn't have the mostest the fastest they would be left behind in the "New Economy Revolution". One, i believe the "New Economy Revolution" is incredibly over-rated. And also, the companies that loaded up on tech equipment found their reward was a recession and,shock of shocks, a hell a lot of debt.<<<<<<the problem with earnings growth percentages is that you are starting from a very depressed number. as revenues begin to climb we will see technology companies with 500%, 600%, 1000% earnings growth >>> will NEVER happen, never, it is over ALL OVER, Nasdaq will never see 5000 again---- EVER. Those buried in tech stocks they bought because they were in a bubblemania frenzy prices might as well sell and end the pain. As Art Cashin says, until those tech lovers loaded with tech stocks in their portfolio realize they have been jilted and that tech love is never coming back, there won't be capitulation, but that day is coming. look i have a friend who's is down 85% in his aggressive growth tech portfolio, he has gone from paper millionaire(up mucho dollars) to 85% below his cost/basis. I keeps telling me they are going to come back. And the IRONY is i don't tell them they will not; instead i say "anything is possible".Hell he is a neat guy and the damage is done.But these message boards are different world. These boards are far more candid, and blunt. And that is how i see it, that is how i see tech. Max Buy the techs after they capitulate, then you can get a return on your investment on the basis of LTBH. I see tech at 2000 again, someday.