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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (6384)	7/15/2003 8:44:05 PM
From: Sarmad Y. Hermiz	Respond to of 13403

OT re train wreck. Sam, I wasn't clear. The train wreck reference was meant for bonds. 5% moneymarket rate will reduce long-term bond values by 20% or more. Which will never be recovered, considering that inflation has to increase due to all the deficits. How this affects stocks, I don't know. I do expect P/E's to drop. And earnings to rise. Share prices I think will top out and stay flat during the interest rate rise interval. To be specific, I am expecting NASDAQ to rise to approx 2000 within 6 months, and stay near that level for months after that. By the way, on the remote chance that anyone is observing the performance of my guesses, my expectation was that nasdaq would rise to 1700-1750 before a sell-off commenced. I consider the sell-off finished, and the current level of 1750 is a base for another 15% rise. In my own accounts I'm still 100% invested in tech stocks. still have more than a full position of wdc, and the rest in chips and storage. Sarmad