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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.17

+0.2%

Jan 12 4:00 PM EST

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To: Iris Shih who wrote (21677)	6/23/1999 2:43:00 PM
From: Clint E.	Read Replies (1) of 69695

Iris, I have to look at mfnx/abov to let you know later. Interesting how almost all the M & A activities emanate in the telecom & datacom sector. >>>>I was thinking that most of the internet stocks probably won't be up close to their old highs this time ,,,, My thinking since Jan. 1st has been that these stocks won't see the same kind of gains they saw in 98. I still believe in that. Yet, you can count on this sector to make "short-term spikes to the upside" from time to time. I think those who constantly talk about future growth potential of the sector are out of their minds and should pay attention to the recent price action of these stocks that is indicative of rich & absurd valuations. That said, they are great trading stocks! >>>>As strm, I just want to know what you think about its fundamentals. See above! I am not the one to ask about fundamentals of any internet company. Clint

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