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Pastimes : Home on the range where the buffalo roam

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To: fedhead who wrote (3361)8/4/2000 5:47:25 PM
From: Boplicity   of 13572
 
Anindo, This was response to some I made a few min. by PM. about how I feel about the current market and how low the naz could go they though 2900

<<I don't know about the NAZ going that low. I believe there is a good chance for it to visit the spring lows. Yesterday went a long way to repair the latest naz selling, but you see, until it becomes compelling to invest in the naz for some reason, like we had last few years with the net, we are going to see more of the same. It will be very difficult environment to make money. Since I feel we are in a transition period before we have wholesale broadband (the next big thing) with land lines and wireless, the naz as a whole will not be an easy place to buy stocks in. It's going to be few years before we have this wonderful speedy access, maybe by the end of next year or maybe even the middle of next year, we will be able to see how this broadband wired world will look and where to invest in. Until that time we are dealing with a fight for safety, so I feel the DOW needs to come down to make investing in the DOW and the big board stocks less safe and the naz stocks need to become more compelling on technological front. >>

Bare with me I don't have my glasses on. LOL

Greg
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