Forum Archive Index - April 2000

["Nigel Bree" <nbree@kcbbs.gen.nz>]

Richard Hooper wrote:
> You dredging thru the remains of the Nasdaq

Dredging? Remains? Bottom picking?

With strong revenues, strong growth, zero debt, and boatloads of cash,
there are plenty of good technology companies to buy who will have
_no_ trouble riding out the recent correction even if the market does
go lower in the current turmoil.

Sure, the recent price shifts hurt. But buying value never goes out of
style, and the NASDAQ is full of companies which have long been through
their high-risk initial growth phases and have become _value_ picks.
"Technology" is not some undifferentiated mass of pure speculation
despite the way that the media present it.

I really don't care about buying at bottom, or timing the market. Lots
of these stocks were good buys even at their peak prices in early March,
and they _still are_, and still will be when the current volatility has
finished. I'm not trading anything just at the moment, since I believe
in the future of the stocks I have, and I can wait for that future.


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