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Strategies & Market Trends : Rande Is . . . HOME

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To: Rock_nj who wrote (8292)	6/15/1999 12:24:00 AM
From: American Spirit	Read Replies (1) of 57584

Time to buy internets - closer than a lot of SI posters think. Might have even been today. Going lower after such a correction would be the result of a psychological capitulation (seeing internets as practically worthless with no future just because they are still in their early growth stages). Anyone with a time horizon beyond this quarter has to start seeing screaming buys here. And once one big buyer charges in the rest will follow. Could happen tomorrow or the next day. The PPI numbers can't be all that bad. And certainly more than pricesd into the market by now. Fact#1 : The internet is still by far the fastest growing business in the world. Fact #2: Still no real inflation in the US cost of living. I saw gas prices today in LA 30 cents less than they were 6 weeks ago. Fact #3 - That which goes down must go back up (at least when we're talking quality stocks) Fact #4 - whatever bad news there is has probably been factored in already times two. I wish I had cashed out last week so I could take advantage of some of these bargains now.

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