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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+0.2%Dec 2 4:00 PM EST

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To: fedhead who wrote (31885)10/30/1999 1:41:00 PM
From: Robert Rose  Read Replies (2) of 99985
 
<Some of the major names in DOT are not rallying like AMZN, EBAY and PCLN. Don't know how much further the DOT can go
without the brand names. >

Ecomm isn't delivering right now the way many had hoped. Even a growing river of red ink had been forgiven as long as revenues grew even faster. These big ecomm names have just reported less than stellar revenue growth. That's a big No No. The momentum has now shifted to B2B and comm infrastructure.

I wouldn't worry about icge AT ALL. The stock has just finished a 30% run in the last two weeks. It deserves and needs a rest. It remains above it's 10-day ema, as it has for all but one brief instance in its short 3-month life. Meanwhile, the stock has powered from 12 to 116, making it one of the GREAT investment stories of 1999. It's definitely a keeper in a bull market, and should be bought on any dips in that environment.

80% of the 50 inets I follow are above their 10-day ema's. We've just had a wonderful week and the dot is still 10% below its record high set way back in April.

My stock pick for next week: jnic!

Rob

Whatr was the cause of the reversal in ICGE ?
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