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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (144498)	7/31/2002 6:53:14 PM
From: GST	Respond to of 164684

Anindo: Your point is well-taken. The indices are going to be flat to down because of the drag of technology stocks. What I was trying to say was that, outside of tech, there is some appetite for stock that provides an opportunity at least in the short run to make some money on the long side. We are in a bear market. It is not over. And this is a bear market rally in which tech will not be participating -- perhaps that is closer to what I was trying to say. I have zero confidence in tech stocks at this point. Citigroup, in which I currently have a speculative position, is undervalued at the moment IMO -- but it faces a slew of very ugly business situations. I am just betting that insitutions will acuumulate some stock at this price and C will continue to do buybacks.