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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Niels Larsen who wrote (8491)3/27/1997 9:40:00 PM
From: Rob S.   of 9477
 
One of the "rules" of the stock market is supposed to be that market tops are often reached by " over exuberance" in the secondary stocks. That has largely not been the case for the past several months with the exception of a few "darling" areas. While the blue chips and darlings such as network stocks got bid up to high valuations on next year's earnings, many of the lesser known high techs pulled back. As polls and forecasts have pointed out, the computer and electronics market remains very healthy. While some forecasts have been recently revised up, the potential effect of the long awaited roll out of DVD, in addition to digital cameras, PCS and numerous internet appliance products may add furhter to the business levels by the end of the year.

A good sign is a lot of scepticism and fear. They say "the market climbs a wall of worry". I agree with you that an upward move is more likely to happen.
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