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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jeff Sutton who wrote (38855)5/8/1999 5:12:00 PM
From: jan m.  Read Replies (1) of 120523
 
I don't think we can group the nets together like before. The frenzy stage may be over, where anything with a .com skyrocketed with no underlying fundamentals behind the price rise. AOL and AMZN are more mature companies, they've seen a few years of incredible appreciation--I think they're resting now, and money is flowing to some of the new issues,and younger net companies in certain net sectors. It's much more selective, and harder to day trade. When AMZN and AOL get ready to move, they can make up in a few days, what it took several weeks or months to lose, but they may stay in a downtrend for awhile too. I'm not sure we've seen the bottom yet, but agree it's getting close.
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