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Technology Stocks : Open Market (OMKT)

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To: SS who wrote (1788)11/20/1999 7:39:00 PM
From: ClearSky  Read Replies (1) of 2004
 
My two cents, from a long time OMKT follower:

I think we're just seeing a healthy pullback, albeit a modest one. Some comforting viewpoints: OMKT was recently noted on optionsource.com (a great site/pay service if you've never used it) as a stock pick because there is so much negative sentiment piled up...this is one of the reasons QCOM, for example, has jumped up so much so quickly--it's all about supply and demand--stocks stop going up short term when there are no more buyers--everyone who wants in is already on board. According to the sentiment survey, there is a strong contingent of people who don't believe this breakout is for real...so this stock should continue to climb this "wall of worry".

Also, if anyone here follows Point and Figure charting, OMKT continues to look strong -- with demand in control.

We just all need to remember that nothing goes up in a straight line.

Of course, it would be great to find out what was said at the GS conference...has anyone seen a summary?

I'm no techno-expert so anyone who is please confirm or tell me to lay off the chardonnay :).

Jeanne
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