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

To: Gottfried who wrote (7783)	2/10/2004 11:16:21 PM
From: advocatedevil	Read Replies (4) \| Respond to of 13403

OT - Well, I've finally polished off da last of da warm beer and my lady has let me back in da house, so I thought I'd stop by ta say Howdy! ta all my ol' buds here on da FD thread. Wishin' everyone da very best with dem plays (darkside of course) <g>. Just havin' fun and makin' money! Regards, AdvocateDevil

To: Gottfried who wrote (7783)	2/11/2004 12:08:59 AM
From: Sam Citron	Read Replies (2) \| Respond to of 13403

OT The indexes you mention - IGN, BDH, QQQ - are all essentially technology indexes. If threaders don't talk about Berkshire Hathaway, I have to assume they don't own it and have no interest in it. Why would you presume otherwise? Why is it that these threads (and popular culture in general) are so fixated on technology stocks, even after the recent Bubble. I do not mean to dismiss the fact that tech is a dynamic sector with some high growth companies, but for investors to basically ignore the rest of the market is foolish and risky IMO. I can think of several very interesting franchises with excellent earnings, stability, growth and relatively modest valuations, but because they are not tech, their investment merits are rarely discussed. [Examples: GTK, WLP, DGX, BRK.] From a TA basis, many of these companies have no NO overhead resistance for they are selling at ALL TIME HIGHS. Yet their PEs are 20 or less and their P/S are under 2. I have begun to think that the popular fascination with tech gives this sector a luster and a valuation that is often not merited. It seems to me that there is a premium on excitement, entertainment, volatility - whatever you want to call it - rather than on quality and stability. Sam