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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (9154)	7/1/2002 1:46:36 PM
From: Outer-limits	Read Replies (1) \| Respond to of 9256

Great post, however there are more than a few reasons NOt to buy right now: 1. Economic recovery evident from 1st quarter could have been just inventory rebuilding. 2. Tech sector is only improving in small pockets, most big names like INTC, HWP, JDSU, etc are still saying tech spending is still WAY DOWN!! 3. Another Enron or worse WCOM could rear its ugly head at any time. Look at XRX!! 4. We could have another terrorist attack at any time. 5. Dollar continues to fall, forcing some foreigners to cash in their stock chips, and others not to buy at all. 6. American public definitely betrayed by corporate America and Wall street firms, have placed huge bets on housing market, and may not come back in with over 2 Trillion in wealth!! All this said, I still hedged my bets today and picked up stocks like EMC, DROOY, NOBL, LCI, and GW. Just in case you might be right. Even if your not, and I'm right, I'll be buying more lower. Good Luck!!!!