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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM)

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To: Dolfan who wrote (468)10/8/1999 2:59:00 PM
From: Joe Hoek  Read Replies (1) of 516
 
Agree with INTU using MDCM profits to buy RCCK...

But if long term intrest rates go higher it will put a damper on the market, mortgage rates go up, housing starts go down etc...

I think the rates will go lower in the coming weeks - there may be a temporary rise as bonds are sold to move back into stocks. A few weeks ago the rate dropped a lot when there was a "flight to quality" when the stock market looked ugly, but these type of moves are short and the yield eventually finds it's true point again.

Next thing to focus on is earnings, alliances etc...
(and of course when will Y2K fears start moving the market)...
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