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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: jwk who wrote (22466)8/1/1999 10:10:00 PM
From: VIPER85730  Read Replies (1) of 40688
 
JWK,

>Raymond DeVoe Jr., market strategist for Legg Mason Wood Walker, sees classic signs of trouble in the high-flying Internet sector. He says Internet stocks that have recently been offered to the public should be renamed ''Crash.Com.''

''Bear markets begin at the point of maximum optimism,'' he said. ''For the Internet stocks, the maximum bullishness occurred in April or early May, when they made their highs as America Online reached $175 and Amazon.com $221.

''Sure, the stocks could rebound from here and go even higher since overvalued stocks can become even more overvalued,'' he said.<

This guy sure knows how to cover his bases. In the first paragraph, he says the net stocks will crash. Then in the 3rd paragraph he says they might go up! Kinda like a weather man, huh?

Regards,

VIPER-------<

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