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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Bagwell who wrote (1968)	4/14/1998 5:55:00 PM
From: joe	Read Replies (1) \| Respond to of 12623

<Still, aren't the tech's usually the last sector to rally just before a market correction? That seems to be usually when I get caught off guard.> Tim, In my view, the correction has already seen us and passed us with hardly knowing it. Motorola bad news didn't keep market down much. Bank mergers are keeping other sectors fueled. Tech stocks are always being bought at very short dips, it seems to me. And, with massive liquidity, the market is under lots of pressure to go up. So, the few down days in the Nasdaq last week were the correction - hard to believe. And now with no extremely bad news from Intel (I still have to read the reports more thoroughly), confidence is being restored. Part of what makes this possible is that many believe the tech problems to be temporary and are just waiting for 2nd half of '98 - when we'll start being freed from E.Asia problems and general tech supply woes. I think I'll be looking to start buying more tomorrow - beginnings of another bull rally - keeping long term in mind mostly. Comments? Joe