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To: Bill Harmond who wrote (2816)11/15/1997 4:53:00 AM
From: Bill Wexler  Read Replies (1) | Respond to of 27307
 
<<US tech-stock market is ending it's correction that started in July.>>

EXCUSE ME?

quote.yahoo.com^IXIC&d=t

From where I'm sitting, there was a downdraft in April, and then it was nearly straight up to la-la land through late fall.

We haven't even begun a "correction". IMO NASDAQ is insanely overvalued, and I believe we are in for a serious drubbing.



To: Bill Harmond who wrote (2816)11/15/1997 10:14:00 AM
From: h.l. meeks  Read Replies (1) | Respond to of 27307
 
William: There are double bottoms on many of the quality tech issues, as well as the major indexes. And even though I was short in margin accts. and flat in my retirement acct., I would say my fear level for the market was as great as it's been in a long time----good sign of a bottom! I covered the majority of my short postions Thurs. afternoon. Still maintaining 1/3 of my short postition in YHOO. My cost basis is well above the highs. Have you seen enough to lure you back into the market? Are you buying back your favorite techstocks yet?