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Mr. Potter, I disagree with you. I believe sfe will move more according to what the general market will do and especially what the overall internet will do, especially the aols, yahoos, cmgi,etc. If you do like all these stocks, every one of them is about 40% off their yearly high. With sfe, 67 and change over 120 is about 60% or 40 off their yearly high. Same goes for aol, cmgi, amazon, etc. I do not believe icge will affect sfe that much. It really did little to sfe going from 14 to 83. And I doubt that any gradual rise or decline will affect sfe that much. The key here is after Labor Day, the cycle is back to technology from the cyclicals. The typical summer doldrums for hi tech is over because it's after Labor Day. Hi tech and internet is in favor again because the kids are back at school and both the kids and the parents are banging on the computer to log on. More people logging o, more ad and subscription revenues and more things to sell. I do believe we should hit 100 by Columbus Day and exceed the 120 by Thanksgiving. |
