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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (8307)	6/15/1999 3:50:00 PM
From: Kevin Shea	Read Replies (2) of 57584

Some semi random thoughts: FWIW Inet near term bottom may be at hand and fund money may be reentering (BWDIK). XCRx comment on the high volume down day is appropriate (IMO).... What is interesting is that the overall internet index (IIX) has come to rest on some serious resistance from early this year and the indicators are getting squeezed... From my take I think that I have seen recent large scale drops in top tier, yet only minimal "recent" disruption in the mid tier (granted many have already been whacked). What needs to be added to the overall picture are, as Rande points out, NGI, set top boxes, broadband... These have, and continue to do well with BRCM packing it on as AOL, etc drop.... Has fund money moved stealthfully to these? Also, the semis (SOX) have continued to do quite well with the likes of PRIA, ADI, GNSS, etc.. Renewed interest in these may be rotating funds off the Inets.... The number of IPOs has diluted speculative $$ making it harder to "pick the right one"...and thus dis-enfranchising a number of investors... Last thing... many technical analysts still see the possibility of a drop into the DOW 8500 range reasonable ... so any up move in the inets may only be temporary is the overall picture... develop your plan appropriately

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