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


To: LK2 who wrote (2658)3/4/1998 5:15:00 PM
From: Frodo Baxter  Read Replies (2) | Respond to of 9256
 
So why did the storage sector go up today?

Repeat after me: Dead...cat...bounce.

$100 ASP for chips and discs are here to stay.



To: LK2 who wrote (2658)3/4/1998 6:29:00 PM
From: Yogi - Paul  Read Replies (1) | Respond to of 9256
 
Larry,
Finally! I have been waiting since August 1997 for this news.

Please, God, give me 3 weeks of carnage in the tech sector. It will be my generation's (late baby boomers) last chance to load up on technology bellweather stocks.

Yes, I will feel bad for those short term traders stuck on the wrong side but maybe this will be the one to convince them to come to the side of the rightous and be investors again.

Then again, everytime I have been convinced that "this is the news that brings the market to reality", the market has shrugged it off and gone to new highs.

A view from the bear side,

irthrifty