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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM)
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To: Dolfan who wrote (466)10/8/1999 2:39:00 PM
From: Joe Hoek  Read Replies (1) of 516
 
Dolfan, I like the fact of the $750 savings. I'd like to find out more details before making any assumptions.

As far as the stock price goes, the bond yield is now at 6.189% . If it goes above 6.250% that's bad for the whole market and financial and growth stocks in particular. If it wasn't for the Fed tightening bias I think the price would have stayed above $13 and higher. Good news is that the pullback was on much lighter volume than the move up. We need to stay above $11 now if the market stabilizes.

I think the market on a whole has put in a bottom and MDCM seems to also as long as the bond yield stays in check. If there's a rally in bonds and the yield drops that would be good. It may be hard to rally unless the yield goes lower, or some major news etc comes out.

MDCM has pre-released the earnings revenues, so I'm not sure how much of a pre-earnings runup we'll have, but they obviously feel the numbers are good or would have warned like EELN did. Got my fingers crossed... We need lower intrest rates...
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