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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bretsky who wrote (37806)	2/1/1999 4:14:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Bretsky <Do you think this is a foolish strategy long term ??> No. But do you hold any cash in the event that stocks go "on sale"? Tech stocks are very richly priced. What you might want to do is prune a few of your picks and hold a little cash. Day trading is seductive, but you can end up being so clever that you spend more time than you planned and maybe end up worse off. If you are long-term, don't trade too much. The old expression is buy low, sell high -- tough to do in practice. One you did not mention that might be coming out of the doghouse after being 'ahead of its time' is LSI. I just made a little money on it last week. It has capability in a number of key tech areas and the stock ran up a couple of years ago in anticipation, then sold off when expectations were not met. Now, it seems that cable modems, systems on a chip, DVD and some other things that it makes money from, are coming on strong. Might be worth a look. Good luck. And don't waste all your time on this. And, if the DOW pulls back a thousand points around here, you will be glad to have a little cash on hand.

To: Bretsky who wrote (37806)	2/1/1999 5:32:00 PM
From: GST	Read Replies (3) \| Respond to of 164684

Bretsky <15 Utilities ^DJU 4:05PM 296.66 -6.14 -2.03%> The market is looking pretty tired, pricey and ready to rock-n-roll on the downside. If you are going to raise a little cash, don't wait too long. By the way, I didn't say anything about AMZN -- the trend is down, and it would be a good source of cash (sell it). Even the best stocks are looking extended -- including DELL, which I have always admired but don't hold at 100 times trailing earnings with growing uncertainty about future prospects. The international market is in between blow-ups, but the need to reflate Japan and the recent data on the US economy might suggest a bottom in commodity markets, making gold stocks (NEM or some other unhedged comapany) a possible long-term investment. At some point, Y2K will turn out to be a non-event for the US, but will cause some real chaos in other places (like Japan). I would not plan a trip there for January 2,000. They will end up trying to "buy there way out of it", as usual. Crazy as it sounds, gold stocks might be a good hedge at 10 to 20% of your portfolio. If they take off, they will catch the eye of the day traders, and then who knows what will happen.