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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (6493)	8/5/1998 7:03:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 10921

GM, Today on CNBC they were talking of the "bargains" to be found. Specifically named were MSFT, GE, KO. All the ones I consider poster-boys for Over-valuation. They drop 5-10% from all-time highs and now they're bargains?!?! Hopefully we'll see some more blood from the large-caps before a resumption in the uptrend is again underway. I've always said the greatest threat to this bull market were the top-heavy large-caps. A 3% down day here and there is just what the doctor ordered. BK

To: Gottfried who wrote (6493)	8/6/1998 2:16:00 AM
From: Czechsinthemail	Read Replies (2) \| Respond to of 10921

GM, Often with the small cap bargain stocks, you have the opportunity for higher returns without the extreme overvaluation. They can follow a higher rate of earnings growth and show considerable appreciation without becoming overpriced. They will tend to work best as long term plays, because that allows enough time for the positives to play out. Times like these when their prices get ridiculously oversold are gifts for those with the courage to buy them when they are out of favor and hold them for the big appreciation. The extreme overvaluation of large cap institutional favorites contributes to a vulnerable market. You may see a fairly long-lasting bubble, because they are favorites of funds and overseas investors. But when they fall, it can be pretty nasty. If we begin to see wholesale fund redemptions, these stocks will be the ones facing that liquidation. Baird