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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (9325)10/17/1999 6:22:00 AM
From: Justa Werkenstiff   of 15132
 
** The Internets **

I believe that the internets will lead the technology sector down in the coming week. I see the biotechnology scenario coming into to play here. After a parabolic rise like the internets had this spring, there was a severe correction that bottomed in early August for the nets and technology in general. I believe those lows will at least be tested again. And I see the reasonable possibility that the market will, as a result, question the valuation of this sector and of technology in general in an environment of heightened inflationary expectations and potential slowing economic growth in the coming months. I believe the internets will then be prone to tax loss selling pressure. I do not think the sector is toast but is in a maturation phase. I see the good possibility of a new year bounce in the sector.

clearstation.com
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