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

To: Proud_Infidel who wrote (6629)	8/12/1998 5:02:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 10921

Brian, I agree with you on the potential future rewards. But with the possibility that the recovery may be longer and weaker than many have been expecting and that things may get significantly rather than modestly worse, we return to the maddening question of whether we have further bloodshed to witness before there is enough blood in the streets to warrant a commitment to a bottom. The uncertainties around Asia, for example, may be fully discounted by current stock prices or we may see further declines as a story worse than people are currently expecting unfolds. Given the recent rise in many semi equip stocks, I'm inclined to think there may be a fair amount of not yet disillusioned optimism, but the difference of opinion is what makes a market. If you have a long enough time horizon, you can simply buy and wait, but the market may significantly discount your wait from current prices. Baird

To: Proud_Infidel who wrote (6629)	8/12/1998 6:38:00 PM
From: Gottfried	Respond to of 10921

Brian, you said >>Dead money? For the next 6 months maybe. For the next 2 years? Definitely not.<< That's the way I see it. So then all depends on ones investment horizon. If it's short - stay away or day trade. If it's longer than 2 years - buy on dips and don't check the news daily. Another view: if you're committed for at least 2 years, you shouldn't care if the 100%+ gain comes gradually or all on the last day. GM