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To: Sig who wrote (11919)12/10/2003 12:12:19 PM
From: Boplicity  Read Replies (1) | Respond to of 13815
 
LOL, I had to come out of hiding for that one.

re: Market, IMHO, the naz will not gain ground until some news comes along and changes the current tone, or prices drop farther then they have already. Sure we have good earnings now, and projected in the future... but, as you are seeing it is not enough. My bet it price. I have no idea what price levels will seem like god value to investors, I do know that the first recovery from the current slide should be a fake one. I will have to see some testing, filling, and more testing, before I'm sure. JMHO

Greg



To: Sig who wrote (11919)12/10/2003 10:47:33 PM
From: pbull  Read Replies (1) | Respond to of 13815
 
Good one. OK, tech bulls need to remember a few things along about now:
I think the rally in tech has gone on long enough for this particular cycle:
1. The cycles in technology are much shorter than the overall economic or market cycles (with a few exceptions, of course).
2. The Naz bottomed a year ago, more or less, and funds are far more likely to take profits here instead of adding to their winners.
3. And here's the big surprise, I think. The "Old Economy" is going to make a comeback next year, with surprising profit expectations that will lure some of the fast money away from tech and toward small-cap industrial cyclical issues. Like tiny micro-cap uranium stocks and the like.
That's my big, bold prediction. We shall see.

PB