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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (1541)	11/12/1997 3:49:00 PM
From: LK2	Read Replies (1) \| Respond to of 9256

*Off Topic*Anybody still on margin (long) should think about cutting back. Personally, I'm out of the drive sector, and still getting hurt by falling stock prices (I have a couple of shorts that I opened yesterday, but I'm still basically long). But I see the way APM, QNTM, and WDC are still falling, to prices that would have been ridiculous two months ago. And other tech stocks are getting slammed as well. And it's not just the tech stocks that are getting dumped. The problem is, this might not just be a correction, but the start of a bear market. You can only tell a bear market by hindsight (and even then people disagree on when it started, or even if there was a bear market, or how much it dropped----people can agree and disagree on anything). If we are heading into a bear market, it might pay to reduce your exposure to stocks. But I can't tell you (reliably) what the market will do. This is something you have to guess about for yourself. Or you can choose to believe in one of the Wall Street gurus and follow their advice. -LK