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To: capitalistbeatnik who wrote (328)12/15/1997 8:21:00 PM
From: Tim MacLean  Read Replies (2) | Respond to of 1138
 
Good call on the climb! This whole event (the sell off in techs) is being way overdone. It is being exacerbated by tax loss selling in the final days of the year. The incompetent analyst of Wall St. called the bottom today by coming out and cutting ratings after these things have lost 50% and better. (What great jobs they have. Where do you get jobs paying $250,000 or more to tell people what happened yesterday).

Most of these equipment companies sell less than 15% of their business into Korea, yet they are tortured like it is their only market. I think in six months, no one will call this a sell off but rather a buying opportunity.The next three weeks will be somewhat volatile, but we should see a slow upturn around the first of the year and steady improvement from there. JMHO!

Good Luck
Tim MacLean