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Technology Stocks : NUKO INFORMATION SYSTEMS -- Ignore unavailable to you. Want to Upgrade?


To: Bill who wrote (3101)10/27/1997 11:20:00 PM
From: Johnathan C. Doe  Respond to of 3509
 
COMS is probably at the top of the list, but it will have to drop farther for me to consider. VSVR is a very safe bet under 10. Momentum was building just before this hit. FORE was the same story. There are so many opportunities, it is hard to choose which ones. I will be avoiding Ascend, that is for sure. CS has a lawsuit and I don't want to deal with that stock right now. PCTL is a mess, but that might be a play. I am going after more than a point or two now. I think there are 5 and 10 point upswings to be had if timed right and picked right. In these situations, I want the best of the best. Companies that have just been upgraded and predict strong next quarter growth and just surprised.



To: Bill who wrote (3101)10/27/1997 11:31:00 PM
From: Johnathan C. Doe  Read Replies (1) | Respond to of 3509
 
How I think the market in techs works:

I believe that everytime there is an extended runup in the techs, the big money institutions wait for something to trigger a sentiment shift that is substantial and then they just run with it. The harder they kill the techs, the easier it is to drive out all the small investors and then they re-enter at bargin basement prices and rack up the gains again. They bought in at bargin prices just in April and have unbelievable gains (who in NUKO would believe in gains?). Why not just use Hong Kong as the excuse to crush the techs again. This won't be over in a day or two. There is too much advantage in keeping the selling going. NUKO isn't in the picture anymore. Why look at this dead stock when there are real winners coming into target range?