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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Dale J. who wrote (27825)	7/3/1998 12:44:00 PM
From: Steve Porter	Read Replies (1) \| Respond to of 33344

Dale, One thing is for sure, stocks and markets always go down at some point, and when they do go down, the descent is usually much more precipitous than the rise. Well I don't know if I would necessarily look for a down turn in the market anytime soon. The market has been correcting for a little while now and has shown no _real_ growth in the last 6 months (nothing that would turn anyones crank anyway). Plus a lot of the index growth is due to irrational buying of stocks like YHOO, SEEK, etc. (although SEEK is _probably_ the most reasonable of that bunch). If there is a downturn I think techs may be a good place to put money though. Now a lot of people will think I am insane for saying this, but if you look at the market objectively, you have companies like NSM, INTC, etc. who have all been HAMMERED for 6 months and are trading at very sound P/E's. I wouldn't won't to be hold YHOO in a market downturn that's for sure. That is why I am careful about all my stocks including Intel. Well that's the way it should be too. If you ever get too comfortable with a stock that is when you start to lose money. BTW: You were asking for stock picks. COMS is back on my list. COMS should be good for about $35 in 2 weeks. If you can live with 16% return in 10 business days I think you should take a look at it. However, as with all my advice, please do your own research ;-) (this way I can't get sued). Steve