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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?


To: Chuzzlewit who wrote (1976)8/28/1998 3:16:00 PM
From: Eddie Kim  Read Replies (1) | Respond to of 4509
 
>>There is nothing fundamentally wrong with this company or with the industry. This kind of thing happens periodically, and over the long run is a non-event.

Historically, a recovery from a BEAR market takes roughly 10 years for the old market high to be surpassed. Granted this is the whole market and not individual stocks, yet making the assumption that next week, next month, or even next year the market will be back to its record breaking ways is foolish. I for one hope this market recovers, but it is by no means a guarentee. We of course are not in a Bear market....at least not yet. The last bear market was in 1973, I believe. It was until 1982, I believe, that the DOW made new highs.

PSFT is a great company, yet even the greatest stumble during bad times.



To: Chuzzlewit who wrote (1976)8/28/1998 10:38:00 PM
From: Melissa McAuliffe  Read Replies (1) | Respond to of 4509
 
Chuzz, I don't think I was ranting but maybe it came across that way. But after I started writing e-mails today to cnbc complaining about their inaccurate reporting and to Jim Cramer telling him he is irresponsible I figured it's time to go do something fun.

Your suggestion of having a scotch and reading a romance novel just doesn't do it for me. So I went and played golf instead and actually feel great. Didn't think about all this stuff for even a second.

I got home to find an e-mail from cnbc returning my original e-mail and telling me they get too much mail to know which department to forward it to so I'll have to figure this out for myself. If that had happened earlier today I probably would have been ranting but right now I don't even care.

Actually wine is better than scotch and I'm on glass two right now so you may be hearing from me again before the night is through. I hope not though because I have no control over what I say when I drink wine and I'd hate to have to read something tomorrow that I wrote tonight and want to sink in a hole.
Melissa