Forum Archive Index - February 2000

["hugh webber" <hugh.webber@clear.net.nz>]

I think people have to be a little more sophisticated and selective. I
don't think
anyone has ever said all tech stocks are all going to go down the drain at
once.
What has been said is that a good number of them, even most, are going to
deflate
rapidly when they can no longer avoid fronting up with performance figures
by 
changing directions and making takeovers and mergers to obscure their real
position somewhat longer. You should have read a few posts ago (and I can't
help
observing how many people keep asking questions that have already been
answered
in this forum; its not that difficult reading back to the beginning - I
did) that Solution6
has crashed in Australia - a big one - and even my favourite Sausage went
down a
few cents even after announcing dazzling increases in both revenue and
profits.
What then will happen to those, probably the majority that don't perform?
And if several
large ones are corrected at the same time time 'then the bubble will
burst'. But the ones
on solid ground like Advantage and Genesis and Sausage etc etc etc. won't
crash, they might  give way
a bit but they'll come back better than ever.
I've been accused about being negative on tech stocks; I'm not - I'm just
selective. I'm positive about
the good ones, negative about the bad ones and the ones that have no
substance.
For heavens sake let's get a bit more sophisticated than the current
atmosphere of all tech stocks good,
other stocks bad; all rumours about tech stocks good and understated,
anyone who points out a whole in a tech stock must be ostracised.

cheers,
Hugh


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