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

To: Steve Porter who wrote (27828)	7/3/1998 1:53:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 33344

Steve, 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). Well the last 6 months sure, but year after year we've seen 20, 30 and even 40% gains. This is clearly unsustainable. Overall real earnings just are not moving that fast. The PE are just expanding. But, I would stay invested, because it may continue for another year or two. But then one day..... 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). Well that is true. YHOO is a bubble that is about to burst. The fact that they don't have any earnings doesn't seem to matter right now, but it will at some point. 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. Yeah, but everyone is afraid of the looming price war. It seems to have the DRAM and Disk Drive fingerprints on it. 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). So you are guaranteeing me 16% in 10 days. Cool! Ok, I'll take it. ;-) BTW: Qntm bottomed at 18 and bounced to almost 21 before slipping back. Did you jump on it at 18? Dale