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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (5701)	4/6/1998 7:28:00 PM
From: RetiredNow	Read Replies (1) \| Respond to of 74651

"Mindmelt: What is the basis for this "thought"?" John, take a look at today's market. Like I said this morning, I believe that this is the beginning of a broad tech selloff. My reasoning is simple. It happens almost every year to a greater or lesser extent around April. This particular year techs have experienced an incredible 3 month run. It's just plain time for a correction as people consolidate their profits. When I began accumulating cash several weeks ago, I realized I might be leaving money on the table, but I knew it would pay off when tech stocks became cheap again by the end of April. That is what is happening now. I still believe we will see more correcting over the next several weeks. I won't be buying until they go down some more. BTW, the only stock that is selling higher than when I sold it several weeks ago is LU.