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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (2387)	12/10/1998 11:49:00 AM
From: richard wilson	Read Replies (1) \| Respond to of 5390

I love ERICY but sold all my ERICY shares today. Sob, Sob }}:-( I think this is a great company but we will be down to $15 either through a slow skid or when the market next corrects. In the very long term this company will make it, although they will be under increasing pressure from Nokia and the other telecoms in all sectors. However, long term in this market does not exist. There will be one great correction soon. Think next year the Y2K bug real or not will cause people to play safe and take money off the table. If you were three or four years to a retirement would you nt pull back just incase of the Year 2000? If some pull out in this market, the thing will collapse. Ericy is now in a relatively very weak position and will get punched hard. My advise, sell now and get back in later. I'll start looking again either when their earning are back on line, we are at $15 (although it could go to $10 if the correction is massive) or in Dec next year. I want back in, but not now. Very best of luck to all investors in this great company. Richard.