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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (2185)	8/30/1998 2:35:00 PM
From: Kent Sarikaya	Read Replies (1) \| Respond to of 2754

Don , great posts as always. I was shocked by the group PE being over 100! As I think about it, it might be indicating what we have felt. That the small caps and backgrounds stocks have been in a bear market while the big guys have been running bull. A lot of this sell off is going to come from the big guys and I think are small caps are near their lows... maybe another point or two drop for our stocks like FSII, SFLX or AFLX. I hope not but if the Dow goes to 7000, I'm sure we'll drop that much also. I saw where Russia does less business with us, then the Dominican Republic, yes it is going to effect banks and other economies in Europe. In the end it will effect us, but I think all of these problems are being brought to make sure the market drops and to get a proper correction to keep the market running. Watching those I respect talk on TV, you hear the undertone of being very bullish 6 months out but uncertain to bearish for the next 3 months. I'm not buying anything for now. I'm going to wait this time for a real change in sentiment and overall positive earnings before buying. The way these stocks have come down, we have plenty of room to buy in and lower our average cost per share of ownership, thus lowering the wait time to return to profitability in our holdings.