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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Learner who wrote (8150)	12/1/1997 9:43:00 PM
From: Jan A. Van Hummel	Read Replies (1) \| Respond to of 14577

Mike, Difficult to say. If you are long at say 12 or 15 and held on would you sell now? Or, would you sell now if you thought buying at 7 or 8 was a good entry point? Recently volume has not been very high. This tends to suggest that most of the panick selling is over. There may be still some institutional selling left, but even there the holdings have fallen. Hence, most of the activity maybe by day traders and shorters with quiet buying by long-term investors. We may be treading water for some time, but a big sell-off will only come if the 4th and 1st qtr are clearly well below expectations and then substantially below. We all know it won't be good so unless the light at the end of the tunnel is another train, it must be daylight. For a look at recent volume check this: cbs.marketwatch.com JMHO Jan