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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (2563)	12/18/1997 11:10:00 PM
From: jbershad	Read Replies (2) \| Respond to of 6180

Pat Thank you I'm flattered. You can contact me by e-mail anytime. <jbarshatky@monmouth.com> Looks to me like you and Larry hold the thread together. Some things to consider: 1. Goldman Sacks just came out with a strong recommendation on MU. The stock is holding well. This despite chip price weakness. TI is not breaking down. 2. This could be a dip in the economic cycle. This means the Fed could lower interest rates sooner than later. Thus weaker dollar. Market usaully goes up in advance of this. 3. The volume in tech stocks especially TI has dried up. Indication of selling dried up too. 4. It happened. The guru that predicted this market just turned sour on it. The bears are out in full force. And people are getting scared. The latter guru a former staunch tech advocate did not recommend buying it. Most feel crazy to consider this. It means the section has had selling by people that follow him. Sellers have sold. We have so called experts on threads (They claim.) that think that tech stocks are going through 1x net cap.to yearly sales. Maybe they are right. I will back my truck up and buy. Also recall Robert Prechter of Elliot Wave theory fame Predicting after 87 crash the market will take years to recover 5. Repeating really, but stocks are not going down on bad news. 6. TI is about to become one the premier growth stocks in the country. Lucent is great in engineering but it lacks the manufacturing skills of TI. So a few wall street houses lowered ratings on TI. What do you think will happen when they raise it again? What do I think? Small downside risk but things may not move for a few months. Maybe. What happens if they do though? Jerry