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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Janice Shell who wrote (9646)3/19/1997 5:09:00 PM
From: dwight vickers   of 42771
 
Janice,

If you mean MOmentum, and not Philip Morris I will respectfully disagree. When momentum goes out of style it will stay out for a decade. And it is out of style. Do you know how many mutual fund managers only know MO. It will get ugly and heads will roll.

The only thing that will delay the inevitable is extending the bull market. And even that will only help comparatively.

I remember the days when breakouts were fakeouts, and once MO goes, it won't come back as a tool that every bonehead can use to make money for a long time.

When Navellier and Von Waggoner (sp?) lose money using MO, what chance do mere mortals stand??

Regards, Dwight (Don't be too hard on me-I said "respectfully")
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